Submission of Scrutinizer''s Report on Voting through Postal Ballot
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Richfield Financial Services Ltd conducted a Postal Ballot (e-voting) process for shareholders to vote on a special resolution. The e-voting window ran from February 28, 2025 to March 29, 2025, with the Postal Ballot Notice dispatched on February 27, 2025 to 929 shareholders. A total of 57 members holding 39,77,338 shares participated in the voting. The single resolution on the agenda — Alteration of the Object Clause of the Memorandum of Association (passed as an Ordinary Resolution) — was approved with overwhelming support: 38 members holding 39,77,098 shares (99.99%) voted in favour, while only 19 members holding 240 shares voted against. The scrutinizer, M/s. Lakshmmi Subramanian & Associates, has confirmed the process was fair and transparent.
The alteration of the Object Clause gives the company more flexibility in defining its permitted business activities, which may support future business expansion or diversification. With near-unanimous shareholder approval, this is unlikely to create any governance concerns and is a routine compliance-driven change.