The Board of Directors had via circular resolution had approved the appointment of Mr. Peeyus A Kottam as an Additional Director (Non-Executive & Independent) on the Board of the Company ....
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Richfield Financial Services Ltd announced the appointment of Mr. Peeyus A Kottam as an Additional Director (Non-Executive & Independent) on its Board, effective February 9, 2026. The appointment was approved via a circular resolution by the Board of Directors. Mr. Kottam is a senior legal professional based in Kochi, Kerala, with over three decades of legal practice since 1991, and currently serves as the President of the Kerala High Court Advocates' Association (KHCAA) for 2026. The disclosure confirms he is not related to any existing Director on the Board.
This is a routine independent director addition that brings legal expertise to the Board. It is unlikely to have any material impact on the stock price or shareholder value in the short term, though it strengthens board governance with the addition of an experienced legal professional.