Notice is hereby given that the Extraordinary General Meeting of the Company is scheduled to be held on Wednesday, December 3, 2025 to consider and approve the issue of 40,00,000 (Forty ....
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Richfield Financial Services has called an Extraordinary General Meeting on December 3, 2025 to seek shareholder approval for issuing 40,00,000 equity shares on a preferential (private placement) basis at Rs. 25 per share, aggregating Rs. 10 crore. Each share has a face value of Rs. 10 with a premium of Rs. 15. The shares will be allotted to 139 identified allottees, including promoter V C Georgekutty (40,000 shares) and 138 non-promoter individuals and one cooperative society. The largest single allottee is Ente Naadu Multi State Agro Cooperative Society Ltd, getting 8,00,000 shares worth Rs. 2 crore. Book closure runs from November 27 to December 3, 2025, with e-voting from November 30 to December 2, 2025, and a cut-off date of November 26, 2025.
The preferential issue will dilute existing shareholders and bring in Rs. 10 crore of fresh capital. Promoter participation signals some insider confidence, but the wide spread of small allottees (mostly retail non-promoters getting Rs. 2.5 lakh to Rs. 5 lakh worth each) suggests this is largely a fundraising from a known network rather than institutional capital.