Richfield Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/07/2025 ,inter alia, to consider and approve 1. To consider ....
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Richfield Financial Services has informed BSE that its Board of Directors will meet on 18th July 2025. The Board will consider and approve the issue of Series IV Non-Convertible Debentures (NCDs) on a private placement basis, including the terms and conditions of the issue. The Board will also consider taking over a loan portfolio, the details of which are not yet disclosed. The trading window for dealing in the company's shares is already closed from 15th July 2025 and will remain closed till 48 hours after the declaration of Q1FY26 (June 30, 2025) financial results.
The proposed Series IV NCD issue signals the company's plan to raise debt capital privately to fund growth, while the takeover of a loan portfolio indicates expansion of its lending book. Shareholders should watch for the Board's outcome on 18th July for further details on deal size, pricing, and the source of the loan portfolio.