Non-applicability of Regulation 23(9) of SEBI (LODR), Regulations, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Richfield Financial Services has informed BSE that Regulation 23(9) of SEBI's LODR norms does not apply to the company. It qualifies for exemption under Regulation 15(2) because its paid-up equity share capital stands at around Rs. 7.5 crore and net worth at around Rs. 8.42 crore as on March 31, 2025, both well below the Rs. 10 crore and Rs. 25 crore thresholds respectively. As a result, the company is not required to submit Related Party Transaction (RPT) disclosures on a half-yearly basis. Signed by Managing Director Vadasseril Chacko Georgekutty on November 12, 2025.
This is a routine procedural filing confirming the company's small-cap status and its exemption from certain corporate governance and related-party disclosure requirements. No impact on shareholders or stock price is expected; investors should note that detailed RPT disclosures will not be mandatorily shared going forward.