Outcome of the Postal ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Richfield Financial Services Ltd conducted a postal ballot through remote e-voting from February 28, 2026 to March 29, 2026, with 42 members representing 23,28,438 shares participating. Three special resolutions were passed with overwhelming 99.99% approval: (1) appointment of Mr. Peeyus A Kottam as Non-Executive & Independent Director, (2) approval of remuneration for Managing Director Mr. Vadasseril Chacko Georgekutty, and (3) alteration of the Articles of Association of the Company. The scrutinizer, S. Adithya Sri Hari (Practicing Company Secretary), certified that all three resolutions received the requisite majority to pass as special resolutions. The results were submitted to BSE on March 30, 2026, in compliance with SEBI Listing Regulations and the Companies Act, 2013.
All three resolutions passed with near-unanimous shareholder support, including the addition of a new independent director, MD remuneration approval, and changes to the company's governing document. This reflects strong shareholder alignment with management decisions and governance changes, with minimal likelihood of stock price disruption as opposition was negligible.