Postal Ballot notice dated June 5, 2025
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Richfield Financial Services Ltd (BSE Scrip Code: 539435) has issued a Postal Ballot notice dated June 5, 2025 seeking shareholder approval to shift its registered office from Kolkata, West Bengal to Chennai, Tamil Nadu. The company stated it does not carry out significant business operations in West Bengal and expects the move to bring better administrative efficiency, improved access to professional resources, and lower operating costs. The resolution also includes a corresponding amendment to Clause 2 of the Memorandum of Association. Shareholders will vote through remote e-voting via NSDL, with the voting window open from June 7, 2025 (9:00 AM) to July 6, 2025 (5:00 PM), and results to be declared on or before July 7, 2025. The shift also requires confirmation from the Regional Director, Eastern Region, Ministry of Corporate Affairs. CS Nikhil George Pinto has been appointed as scrutinizer for the e-voting process.
This is an administrative restructuring with no direct financial impact on shareholders. Approval would simply relocate the company's registered office to Tamil Nadu, where its corporate office already operates, potentially streamlining operations and reducing costs. Shareholders should review and vote during the e-voting window if they wish to participate in this decision.