Intimation pursuant to Regulation 30 regarding the Resignation of Ms. Neethu Subramoniyan, Independent Director w.e.f. November 18, 2025
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Ms. Neethu Subramoniyan (DIN: 08788544) has resigned as Independent Director of Richfield Financial Services Ltd effective November 18, 2025. The reason cited is personal reasons and other professional occupancies. With her exit, she also steps down as Member and Chairperson of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, and as a member of the Finance Committee. She has confirmed there are no other material reasons behind her resignation. She continues as Independent Director at Prima Industries Limited, Prima Agro Limited, and Ayyappa Roller Flour Mills Limited.
This is a routine board-level change with no governance red flags. The company will need to fill the Independent Director position and reconstitute key board committees, but the resignation itself is unlikely to materially affect the stock price or shareholder value.