Richfield Financial Services Ltd has announced its unaudited standalone financial results for the quarter ended 31st December 2025, showcasing remarkable improvement across key financial metrics. The Board of Directors approved these results at their meeting held on 13th February 2026, following a limited review by statutory auditors.

Financial Performance Overview

The company demonstrated exceptional growth in profitability and revenue generation during Q3FY26. Net profit surged to ₹8.75 lakhs compared to ₹0.68 lakhs in the corresponding quarter of the previous year, representing a significant turnaround in financial performance.

Revenue Analysis

Total income reached ₹329.00 lakhs in Q3FY26, marking a substantial increase from ₹124.80 lakhs in Q3FY25. Interest income emerged as the primary revenue driver, contributing ₹255.26 lakhs compared to ₹101.53 lakhs in the previous year. The company also generated miscellaneous income of ₹44.76 lakhs during the quarter, while other income stood at ₹28.99 lakhs.

Nine-Month Performance

For the nine-month period ended 31st December 2025, Richfield Financial Services achieved remarkable results with net profit reaching ₹51.67 lakhs against ₹2.86 lakhs in the corresponding period of the previous year.

Expense Management

Total expenses for Q3FY26 amounted to ₹319.31 lakhs compared to ₹124.12 lakhs in Q3FY25. The increase was primarily attributed to finance costs of ₹122.63 lakhs and employee benefit expenses of ₹106.80 lakhs. Operating expenses stood at ₹64.63 lakhs, while depreciation and amortization expenses were ₹4.52 lakhs.

Corporate Developments

The Board meeting also addressed several corporate governance matters including the approval of a postal ballot notice and amendments to the Articles of Association. These amendments incorporate clauses relating to the appointment of nominee directors as per SEBI regulations for non-convertible securities.

Share Capital and Earnings

The company's paid-up equity share capital remained at ₹750.02 lakhs with a face value of ₹10 per share. Basic and diluted earnings per share improved to ₹0.12 for Q3FY26 from ₹0.02 in the corresponding quarter of the previous year.

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.