Announced Thu, 21 May · 16:57 IST

The Board of Directors in its meeting held today approved Mr. Varun P Mathews as the Chief Financial Officer of the Company.

Management Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+9.6%1-day move
₹25.74
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AI summary

The Board of Directors of Richfield Financial Services Ltd approved the appointment of Mr. Varun P Mathews as Chief Financial Officer (CFO) effective May 21, 2026. The appointment was made in compliance with Section 203 of the Companies Act, 2013 and the relevant Rules. Mr. Varun P Mathews holds a BBA degree from Manonmaniam Sundaranar University and brings over 13 years of experience in Finance, Accounts, Taxation, and Sales within the Non-Banking Financial Sector. The filing explicitly states he is not related to any director of the company. The board meeting lasted 30 minutes (4:15 pm to 4:45 pm).

Likely market impact

The appointment fills a key managerial position at the company. The CFO is a KMP under the Companies Act, and the filing appears routine with no indication of a predecessor's departure or governance concerns.