Richfield Financial Services Ltd (539435) — Board Meeting | 1 September 2026

The 34th AGM of Richfield Financial Services Limited (BSE: 539435) was held on 24 September 2026 via video conference, featuring key resolutions including the re-appointment of Managing Director Vadasseril Chacko Georgekutty for 5 years (Oct 2026–Oct 2031), re-appointment of Independent Director Indu Kamala Ravindran, approval of a private placement of Non-Convertible Debentures (NCDs) up to ₹250 crore, and amendment of the Memorandum of Association to expand insurance agency activities under IRDAI regulations. The meeting adhered to MCA and SEBI guidelines, with e-voting as the sole participation method. Shareholders approved a preferential equity issue of 21,56,000 shares at ₹25/share (₹5.39 crore) and listing on BSE. The company, an NBFC focused on gold loans and retail lending with 50 branches (including 9 in Bangalore), reported a Profit After Tax of ₹35.26 lakh for FY 2025-26 (up from ₹12.54 lakh), capital raise of ₹5.39 crore, and relocation of its registered office to Tamil Nadu and corporate office to Kochi. Director remuneration remains capped at ₹30 lakh annually, with no dividend recommended. The filing confirms compliance with RBI norms, no subsidiaries, and no public deposits.