The Board of Directors via circular resolution had approved the appointment of Mr. Peeyus A Kottam as an Additional Director (Non-Independent) on the Board of the Company w.e.f. February 9, 2026
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Richfield Financial Services Ltd has appointed Mr. Peeyus A Kottam (DIN: 02417715) as an Additional Director in a Non-Executive & Independent capacity on its Board, effective February 9, 2026. Mr. Kottam is a 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 appointment was approved via a circular resolution of the Board. The disclosure confirms he is not related to any existing Director on the Board. Note: the BSE headline describes the role as 'Non-Independent', but the body of the filing and Annexure-I specify 'Non-Executive & Independent', which appears to be the correct classification.
This is a routine independent director appointment that strengthens board composition with legal expertise. It is a neutral-to-mildly positive governance signal for shareholders, with no material impact on operations or stock price expected.