Outcome of the Board meeting of the Company held on January 6, 2026
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Richfield Financial Services held its Board meeting on January 6, 2026. The Board approved a new registered office address in Poonamalle, Chennai (Pin 600056). It approved a proposal to raise funds through a Public Issue of Non-Convertible Debentures (NCDs) of up to Rs. 50 Crore. Infomerics Valuation and Rating Ltd was appointed as the rating agency for the proposed NCDs. A proposal to maintain Books of Account at a place other than the registered office was deferred to a future meeting.
The company plans to raise up to Rs. 50 Crore through NCDs, which will expand its debt capital base. This is a debt-raising move and does not dilute equity shareholders. The registered office shift within Chennai is administrative and unlikely to affect operations or stock price materially.