Announced Tue, 18 Nov · 18:42 IST

Please find attached the revised filing - Regulation 30 - Resignation of Independent Director

Management Changes View source PDF

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AI summary

Richfield Financial Services Ltd has informed the stock exchange about the resignation of Mrs. Neethu Subramoniyan (DIN: 08788544) from the position of Independent Director, effective 18 November 2025. She cited personal reasons and other occupancies for stepping down. As a result, she also ceases to be a member and Chairperson of the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and a member of the Finance Committee. The Board and the Nomination and Remuneration Committee approved the resignation via circular resolutions on the same date. She confirmed there are no other material reasons for her resignation beyond what is stated in her letter, which has been attached to the filing.

Likely market impact

This is a routine board-level change with no governance red flags or material concerns disclosed. For shareholders, the company will need to fill the Independent Director position and key committee chair roles to comply with listing and board composition requirements, but no adverse impact on operations is indicated.