Richfield Financial Services Limited has announced a board meeting scheduled for Tuesday, March 10, 2026, as per the regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified BSE Limited about the upcoming meeting through an official communication dated March 5, 2026.

Board Meeting Agenda

The board meeting will address three significant business matters that require directors' approval and consideration:

Key Business Items

Preferential Equity Share Allotment

The primary agenda item involves the allotment of preferential issue of equity shares. This represents a significant corporate action that will require board approval and subsequent regulatory compliance.

Books of Account Relocation

The board will consider approving the keeping of books of account at a place other than the company's registered office. This item was previously scheduled for discussion during the board meeting held on January 6, 2026, but was postponed as per the outcome filed on the same day.

Fund Raising Initiative

Richfield Financial Services plans to raise funds through subordinated debts for the financial year 2026-27. This funding mechanism will support the company's operational and strategic requirements for the upcoming financial year.

Regulatory Compliance

The meeting notification has been issued in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Roopamol K S (ACS76256) has digitally signed the official communication, ensuring proper corporate governance protocols are followed.

The formal intimation was submitted to BSE Limited's Department of Corporate Services at Phirozee Jeejeeboy Towers, Dalal Street, Fort, Mumbai, maintaining transparency with the stock exchange and stakeholders.

Richfield Financial Services Limited has issued a comprehensive postal ballot notice dated February 26, 2026, seeking shareholder approval on three critical special resolutions through electronic voting. The company has scheduled the e-voting period from February 28, 2026 to March 29, 2026, with results expected to be declared by March 30, 2026.

E-Voting Schedule and Process

The company has established a structured timeline for the postal ballot process, engaging National Securities Depository Limited (NSDL) to provide e-voting facilities to shareholders.

Key Resolutions for Shareholder Approval

The postal ballot notice encompasses three special resolutions that require shareholder consent for implementation.

Independent Director Appointment

The first resolution seeks approval for appointing Mr. Peeyus A Kottam (DIN: 02417715) as Non-Executive Independent Director for a three-year term effective February 9, 2026. Mr. Kottam, aged 59 years, holds a BA LLB from Mangalore University and serves as President of the Kerala High Court Advocates' Association (KHCAA) for 2026. His legal career spans over three decades since 1991, operating A Peeyus A Kottam & Associates in Ernakulam, Kochi.

Managing Director Remuneration Approval

The second resolution addresses the remuneration structure for Managing Director Mr. Vadasseril Chacko Georgekutty (DIN: 09194854). The proposal seeks approval for annual remuneration not exceeding Rs. 30 Lakhs effective April 1, 2026. Mr. Georgekutty, aged 54 years, is an MBA graduate from the National Institute of Bank Management (NIBM) with over 30 years of experience in Non-Banking Financial Services. He holds 15.84% shareholding in the company and has been associated as Director since October 2021.

Articles of Association Amendment

The third resolution proposes alteration of the company's Articles of Association to comply with SEBI regulations. The amendment involves inserting Article 66A, which mandates the Board to appoint persons nominated by debenture trustees as directors, in accordance with SEBI (Debenture Trustees) Regulations, 1993 and SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021.

Shareholder Participation Guidelines

The company has implemented electronic-only voting in compliance with Ministry of Corporate Affairs circulars. Shareholders whose email addresses are registered with the company, depositories, or Registrar and Share Transfer Agent (Niche Technologies Private Limited) as of the cut-off date will receive the postal ballot notice electronically. The voting process requires shareholders to access the NSDL e-voting platform using their demat account credentials or designated login information.

Corporate Compliance and Transparency

Richfield Financial Services operates as a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India, specializing in gold loans, personal loans, and microfinance services. The company was incorporated on April 16, 1992, and maintains its corporate office at Ashiyana Building, Subash Chandra Bose Road, Ponnurunni, Vytilla-682019. The postal ballot notice and related documents are available on the company's website at www.rfsl.co.in and BSE's website at www.bseindia.com for shareholder reference and transparency.