Submission of Non-Applicability Disclosure
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Richfield Financial Services Ltd has informed BSE that it does not qualify as a 'Large Corporate' under SEBI's October 19, 2023 circular governing fund raising through debt securities by large entities. The company confirmed it falls outside the thresholds specified in clauses 3.2(a), (b), and (c) of the circular as of March 31, 2025. As a result, Richfield is not required to file the Annual Disclosure that the SEBI framework mandates for large corporates for FY2024-25. The communication was signed by Managing Director V.C. Georgekutty and submitted to BSE on April 2, 2025.
This is a routine compliance filing with no material impact on shareholders or the stock. It simply confirms the company is below the size threshold that would subject it to additional SEBI debt-raising disclosure requirements, leaving its existing regulatory obligations unchanged.