Richfield Financial Services Limited has issued a comprehensive corrigendum to its Extra-Ordinary General Meeting (EGM) notice dated November 6, 2025, making substantial revisions to its proposed preferential issue of equity shares. The corrigendum addresses observations raised by BSE Limited during the in-principle approval process and ensures full compliance with SEBI regulations.

Key Revisions to Preferential Issue

The company has made significant changes to the scale and structure of its preferential issue. The most notable revision involves a substantial reduction in both the number of shares and the total consideration amount.

Allottee List Modifications

The corrigendum reveals that 27 names have been removed from the original list of proposed allottees, reducing the total from 139 to 112 individuals. The revised list maintains the same categorization between promoters and non-promoters, with V C Georgekutty being the sole promoter allottee receiving 40,000 shares worth ₹10,00,000.

Among the significant non-promoter allottees, Ente Naadu Multi State Agro Cooperative Society Limited remains the largest recipient with 8,00,000 shares valued at ₹2,00,00,000. Other major allottees include Elizabeth Mathew (2,00,000 shares), Elen Elu Shibu (1,00,000 shares), Erin Lizbeth Shibu (1,00,000 shares), and Shyam Bhaskaran (1,00,000 shares).

Regulatory Compliance Updates

The corrigendum addresses several regulatory compliance aspects that were highlighted during the BSE review process. The minimum issue price determination has been revised from ₹23.97 per share to ₹24.26 per equity share, ensuring that the proposed issue price of ₹25 per share remains compliant with SEBI ICDR Regulations.

Shareholding Pattern Impact

The revised preferential issue will result in changes to the company's shareholding pattern. Post-issue, the promoter and promoter group holding will represent 32.94% of the total shareholding, while public holding will constitute 67.06%. The total paid-up capital will increase from 75,00,200 shares to 1,09,42,200 shares following the preferential allotment.

Documentation and Availability

The corrigendum has been made available on the company's website at www.rfsl.co.in and on the BSE website at www.bseindia.com . The document includes detailed annexures providing comprehensive information about the revised list of proposed allottees, their pre and post-preferential shareholding positions, and updated shareholding patterns.

The company has confirmed that this corrigendum forms an integral part of the original EGM notice and shareholders are requested to read both documents together when considering the resolution for the preferential issue.

Richfield Financial Services Limited has strengthened its Board of Directors with the appointment of Mr. Peeyus A Kottam as Additional Director (Non-Executive & Independent), effective February 9, 2026. The appointment was approved through a circular resolution by the Board of Directors on the same date.

Board Appointment Details

The company has formally notified BSE Limited about the Board's decision, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment reflects the company's commitment to enhancing its governance structure with experienced professionals.

Professional Background

Mr. Peeyus A Kottam brings extensive legal expertise to the Board, with a distinguished career spanning over three decades. He established his legal practice in 1991 and currently operates A Peeyus A Kottam & Associates, located near Lakshmi Hospital on MG Road, Ernakulam, Kerala.

The newly appointed director holds significant leadership positions in the legal community. He serves as President of the Kerala High Court Advocates' Association (KHCAA) for the 2026 term, following his election in December 2025. His practice encompasses a wide range of legal matters, including writ petitions, commercial suits, and cases under the Negotiable Instruments Act.

Legal Practice and Expertise

Mr. Kottam maintains an active presence in both the Kerala High Court and the Ernakulam District Court. His extensive experience in handling diverse legal matters positions him well to contribute to the company's strategic decision-making and governance oversight.

Regulatory Compliance

The appointment follows all regulatory requirements under SEBI guidelines. The company has provided comprehensive details as mandated under Regulation 30, ensuring full transparency in the Board appointment process. This appointment demonstrates Richfield Financial Services' ongoing efforts to strengthen its Board composition with qualified independent directors who can provide valuable oversight and strategic guidance.