Dispatch of Postal Ballot notice for seeking the approval of shareholders for shifting the registered office from the state of West Bengal to the state of Tamil Nadu.
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Richfield Financial Services Ltd has sent a Postal Ballot notice to shareholders seeking their approval to shift the company's registered office from Kolkata (West Bengal) to Chennai (Tamil Nadu), along with a corresponding change to the Memorandum of Association. The Board approved this proposal on May 28, 2025, noting that the company no longer does significant business in West Bengal and that the move is aimed at better administrative efficiency, improved access to professional resources, and lower operating costs. The move requires a Special Resolution from shareholders and confirmation from the Regional Director, Eastern Region, Ministry of Corporate Affairs. E-voting is open from June 7, 2025 (9:00 AM) to July 6, 2025 (5:00 PM), with results to be declared on or before July 7, 2025. NSDL will provide the e-voting facility and CS Nikhil George Pinto has been appointed as the scrutinizer.
This is a routine administrative relocation and is not expected to materially affect shareholders' rights or the company's operations. The shift reflects where the business is already functioning (the corporate office is in Kochi, Kerala) and may result in minor long-term cost savings, with no direct impact on the stock price expected.