We wish to inform you that the Company had received the listing approval from BSE for 21,56,000 shares issued on preferential basis to promoter and non-promoters.
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Richfield Financial Services Ltd has received listing approval from BSE for 21,56,000 equity shares of Rs. 10 each. The shares were allotted to promoters and non-promoters on a preferential basis at Rs. 25 per share, including a premium of Rs. 15. The BSE granted approval on May 19, 2026. Trading approval will be granted only after the company submits confirmation letters from NSDL/CDSL about crediting shares and lock-in compliance, along with any required shareholding pattern filings if the change exceeds 2% of paid-up capital.
This preferential allotment increases the company's equity base, diluting existing shareholders. The shares issued at Rs. 25 will now be tradable on BSE, adding liquidity but also potential supply pressure on the stock.