Outcome of Board meeting held today to consider the revised valuation report and relevant date.
Price
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Awaiting price reaction for this filing.
The Board of Directors of Richfield Financial Services Ltd met on November 6, 2025, and approved two key items. First, the board adopted the valuation report prepared by Registered Valuer S. Dehaleesan for a preferential issue of shares. Second, the board fixed a revised relevant date of November 3, 2025, which is used to determine the pricing floor for the preferential allotment under SEBI rules. The meeting was brief, lasting only about 15 minutes (7:00 p.m. to 7:15 p.m.). No other business was transacted.
This is a procedural step toward completing a preferential allotment of shares to selected investors. For shareholders, this means the company is moving closer to issuing new equity to specific parties, which may lead to dilution of existing shareholders' stake. The actual issue price and names of allottees will likely be disclosed in a subsequent filing.