Scrutinizer report and e-voting results of the Extraordinary General Meeting held on December 3, 2025
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Richfield Financial Services Ltd held an Extraordinary General Meeting on December 3, 2025, through video conferencing, where shareholders voted on a single special resolution. The resolution was to issue 40,00,000 (forty lakh) equity shares on a preferential basis through private placement to the promoter and certain identified non-promoters. A total of 31 members participated in the e-voting process, representing 35,25,691 shares. The resolution was overwhelmingly approved with 27,42,893 votes (99.99%) in favour and only 48 votes against, with 2 members representing 7,82,750 shares abstaining. The scrutinizer confirmed the resolution was passed with the requisite three-fourth majority required for a special resolution.
Shareholders have approved a preferential allotment of 40 lakh equity shares to the promoter and identified non-promoters, which will dilute existing holdings. Given the dominant promoter involvement, this is a closely-held company action that may trigger short-term price adjustment depending on the issue price, but no major governance concerns arose since the resolution passed cleanly.