Intimation of Trading approval from BSE for equity shares allotted to promoter and non-promoters on preferential basis.
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Richfield Financial Services Ltd has received trading approval from BSE for 21,56,000 equity shares that were allotted on a preferential basis to promoters and non-promoters. The shares carry a face value of Rs. 10 each and were issued at Rs. 25 per share, which includes a premium of Rs. 15. The original date of allotment was March 10, 2026, and the new shares are set to begin trading on BSE from June 9, 2026, ranking equally with the company's existing shares. Lock-in restrictions apply, with 20,14,400 shares locked until December 15, 2026, 1,20,000 shares also locked until December 15, 2026, and 21,600 shares locked for a longer period until December 15, 2027.
The addition of 21,56,000 new shares expands the company's equity base and may dilute existing shareholders' stakes. The multi-tiered lock-in arrangement limits immediate selling pressure, as most of the new shares cannot be traded until late 2026, with a small portion locked in until late 2027.