The Board of Directors in its meeting held today has approved acquisition of loan portfolio of Rs. 10 crore from KLM AXIAV FINVEST LIMITED in one or more tranches.
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Richfield Financial Services Ltd's board, at its meeting on August 28, 2025, approved the acquisition of a loan portfolio of up to Rs. 10 crore from KLM Axiva Finvest Limited, to be executed in one or more tranches. The acquisition includes the assigned receivables, underlying security documents, collateral, and all rights and benefits under the existing facility agreements. The deal is between unrelated parties, done at arm's length, and there is no shareholding link between the two companies. The transaction has been disclosed under SEBI Listing Regulations as it falls outside the company's normal course of business.
This is a modest portfolio buyout that should incrementally grow the company's loan book and lending income, but the Rs. 10 crore size is small and unlikely to materially move the stock in the short term. Retail investors may view this as a positive but incremental step in the company's growth strategy.