Richfield Financial Services Limited has announced a significant move to raise capital through a preferential share issue, as approved by its Board of Directors in a meeting held on October 14, 2025. The company plans to issue 40,00,000 equity shares at Rs 25.00 per share, aiming to raise a total of Rs 10.00 crores.

Key Details of the Share Issue

Strategic Decisions and Compliance

The board meeting, which commenced at 3:00 PM and concluded at 5:00 PM, resulted in several key decisions:

1. Preferential Allotment: The company will issue shares to both non-promoter and promoter investors, with V C Georgekutty being the sole promoter participant.

2. Separate Bank Account: A dedicated bank account will be opened specifically for this preferential issue.

3. Registered Valuer Appointment: CA S Dehaleesan (Registration No. IBBI/RV/04/2019/11659) has been appointed as the Registered Valuer to determine the pricing for the preferential issue.

4. Corporate Agent License: The board has approved a proposal to apply for a Corporate Agent License under the Insurance Regulatory and Development Authority of India (IRDAI).

Investor Participation

The preferential issue has attracted a diverse group of investors, including individuals and an entity named "Ente Naadu Multi State Agro Cooperative Society Lt". This broad investor base suggests confidence in the company's future prospects.

Regulatory Compliance

Richfield Financial Services has ensured compliance with SEBI regulations, particularly Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information about the issue, including the list of all 142 investors, to maintain transparency.

Conclusion

This capital raising initiative by Richfield Financial Services Limited demonstrates the company's efforts to strengthen its financial position. The successful attraction of a large number of investors, including both promoter and non-promoter entities, may indicate positive market sentiment towards the company's growth prospects. Shareholders and potential investors should monitor how the company utilizes these funds and any subsequent impact on its financial performance and market position.

Richfield Financial Services Limited , a prominent player in the financial services sector, has announced a strategic move to expand its loan portfolio. The company's board of directors has approved a proposal to acquire a loan portfolio worth up to Rs. 10.00 crore from KLM AXIVA FINVEST LIMITED, signaling a significant step in its growth strategy.

Key Details of the Acquisition

The acquisition, as disclosed in a recent board meeting outcome, will be executed in one or more tranches, allowing Richfield Financial Services to strategically manage the integration of the new assets. The transaction encompasses a comprehensive transfer of financial instruments and associated rights:

• Assigned Receivables: The deal includes the transfer of assigned receivables along with all underlying documents.
• Security Interests: All collateral and underlying security interests created to secure the repayment of the facilities comprising the assigned receivables will be transferred.
• Rights and Benefits: Richfield Financial Services will acquire all rights, benefits, powers, guarantees, and indemnities associated with the loan portfolio.
• Facility Agreements: The transaction covers all rights, titles, and interests under the facility agreements, including beneficial and economic interests, rewards, and risks.

Transaction Specifics

Regulatory Compliance and Transparency

The board meeting addressed this proposal in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Richfield Financial Services has ensured transparency by promptly disclosing the details to the BSE Limited.

Arm's Length Transaction

It's noteworthy that the companies involved have no shareholding relationship, and the transaction is being conducted at arm's length. This aspect underscores the deal's compliance with fair business practices and regulatory requirements.

Management's Perspective

Vadasseril Chacko Georgekutty, the Managing Director of Richfield Financial Services Limited, signed off on the board meeting outcome, indicating the top management's involvement and approval of this strategic acquisition.

Market Implications

This acquisition is poised to strengthen Richfield Financial Services' market position by expanding its loan portfolio. The move could potentially lead to increased revenue streams and a broader customer base for the company.

As the financial services landscape continues to evolve, strategic acquisitions like this one demonstrate how companies are adapting to market demands and seeking growth opportunities. Investors and market watchers will likely keep a close eye on how this acquisition impacts Richfield Financial Services' financial performance in the coming quarters.