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.

Richfield Financial Services Limited , a Non-Banking Financial Company (NBFC), has received shareholder approval for a significant capital raise through a preferential issue. The decision was made at an Extraordinary General Meeting (EGM) held on December 3, 2025.

Key Details of the Preferential Issue

• Number of Shares: 40,00,000 (Forty Lakh) equity shares
• Issue Type: Preferential basis through private placement
• Allottees: Promoters and identified non-promoters

Utilization of Funds

The company has outlined a clear plan for the utilization of the funds raised:

Business Activities (Minimum 75% of Issue Proceeds)

The funds allocated for business activities will be used for:

1. Onward lending and loan disbursements
2. Repayment/prepayment of existing borrowings
3. Enhancement of lending operations and working capital
4. Branch expansion and network strengthening
5. Investment in technology and infrastructure
6. Increase in employee strength and related operational resources

General Corporate Purposes (Up to 25% of Issue Proceeds)

This portion will be used for:

1. Meeting ongoing administrative and operational expenses
2. Providing for general corporate exigencies and contingencies
3. Funding statutory payments, professional fees, and compliance-related costs

Financial Context

Examining Richfield Financial Services' recent balance sheet data provides context for this capital raise:

The substantial increase in total assets and non-current liabilities suggests that the company has been expanding its operations rapidly. The preferential issue appears to be a strategic move to support this growth trajectory and strengthen the company's capital base.

Implications and Outlook

This preferential issue represents a significant step for Richfield Financial Services, potentially enabling the company to:

1. Expand its loan portfolio and market presence
2. Improve its capital adequacy ratio
3. Invest in technological infrastructure to enhance operational efficiency
4. Strengthen its competitive position in the NBFC sector

As the company deploys these funds, investors and market observers will likely monitor the impact on Richfield's financial performance, market share, and overall growth in the coming quarters.

The successful approval of this preferential issue indicates confidence from both promoters and select non-promoters in the company's future prospects and growth strategy.