Outcome of Postal ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Richfield Financial Services Ltd concluded its postal ballot with all three special resolutions passing with overwhelming support of 99.99%. Shareholders approved the appointment of Mr. Peeyus A Kottam as Non-Executive & Independent Director and the remuneration for Managing Director Mr. Vadasseril Chacko Georgekutty. They also approved the alteration of the company's Articles of Association. A total of 42 members holding 23,28,438 shares participated in the remote e-voting held between February 28 and March 29, 2026. The scrutinizer, S. Adithya Sri Hari, confirmed that each resolution was passed with the requisite majority as a special resolution.
All three key proposals received near-unanimous shareholder approval, giving the company a clear mandate for board strengthening, executive pay, and governance restructuring. This is a routine compliance outcome with no surprises and is unlikely to materially impact the stock price.