Richfield Financial Services Ltd

Loan portfolio acquisition

• Finance Committee approved acquiring the loan portfolio from KLM AXIVA FINVEST LIMITED.
• Size of acquisition up to Rs 7 crore in one or more tranches.
• Assignor is KLM AXIVA FINVEST LIMITED; assignee is Richfield Financial Services Limited.
• Scope includes assigned receivables, underlying documents, and related security interests.
• Security rights to be enforceable and applied to recover facilities.
• Not a related party transaction; conducted at arm's length.
• Shareholding in counterparty Nil; no share issuance involved.
• Meeting held on 24 August 2026, 11:00-11:30 am, approved proposal.

Board meeting outcomes and governance actions

• Revised board outcome includes unaudited Q1 FY2026 results and Limited Review Report.
• Notice for the 34th AGM to be held on 24 September 2026.
• Board's Report and Secretarial Audit Report for FY2025-26 approved.
• NSDL appointed as e-Voting facilitator.
• Aditya Sri Hari & Co appointed as e-voting Scrutinizer.
• Copies of Unaudited Results and Limited Review Report enclosed; results to be published in newspapers.

Financial highlights and fund utilization

• Unaudited Q1 FY2026 revenue from operations: 490.37 lakh; total income: 493.03 lakh.
• Profit before tax: 44.87 lakh; net profit after tax: 33.58 lakh.
• Earnings per equity share from continuing operations: 0.35 basic and diluted.
• No deviation in utilization of funds raised via preferential allotment of 5.39 crore; allotment date 10 Mar 2026.

Financial results (Q1 FY27)

• Revenue from operations: Rs 490.37 lakh; total income: Rs 493.03 lakh for Q1 FY27.
• PBT before tax: Rs 44.87 lakh; PAT: Rs 33.58 lakh.
• Finance costs: Rs 195.67 lakh; Employee benefits: Rs 148.10 lakh.
• Depreciation & amortisation: Rs 3.45 lakh; Other expenses: Rs 52.79 lakh.
• Basic and diluted EPS (continuing operations): Rs 0.35.
• No investor complaints pending as of 30 June 2026.

Board actions & AGM

• Unaudited results and Limited Review Report approved by the Board.
• AGM scheduled for 24 September 2026.
• NSDL appointed as e-voting facilitator; Aditya Sri Hari & Co as Scrutinizer.
• Statement of Deviation: no deviation in fund utilization.

Fundraising & deviations

• Funds raised via preferential allotment on Mar 10, 2026: Rs 5.39 crore.
• Monitoring agency: none; no deviation in utilization per Annexure A.

Audit notes

• Limited review conducted; no qualifications in the Audit Report.
• Results published on BSE and company website.

Fund raising and deviation status

• Purpose: Statement of deviation/variation in utilization under Reg 32 for Q ended 30 Jun 2026.
• Mode of fund raising: Preferential allotment of equity shares.
• Amount raised: INR 5.39 crore; Date of allotment: March 10, 2026.
• Deviation: No deviation in use of funds raised.
• Monitoring: No monitoring agency engaged.
• Objects: No deviation reported; allocations unchanged.

Board & results

• Board approved unaudited results for quarter ended June 30, 2026 with Limited Review Report.
• AGM scheduled for Sep 24, 2026; Board's Report and Secretarial Audit for FY2025-26.
• NSDL appointed as e-voting facilitator; Aditya Sri Hari & Co. as Scrutinizer.

Fund raising & deviation

• Funding raised: INR 5.39 crore via preferential allotment on Mar 10, 2026.
• No deviation in utilization of funds per Regulation 32 for quarter ended Jun 30, 2026.
• Monitoring agency: None.

Dematerialisation processing and listing status

• Dematerialisation requests during the period were confirmed to depositories.
• Securities dematerialised have been listed on exchanges where earlier issues are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name registered as owner.

Issue approval

• BSE granted trading approval for 21,56,000 preferential equity shares.
• Shares are listed effective June 9, 2026.

Security and pricing

• Issued equity shares have face value of Rs. 10 each.
• Issue price was Rs. 25 per share, including Rs. 15 premium.
• Total issue size was Rs. 5.39 crore.

Allottees

• Shares were allotted to promoter and non-promoter investors.
• No individual allottee names or shareholding percentages were disclosed.

Terms and lock-in

• Shares rank pari-passu with existing equity shares.
• Allotment date was March 10, 2026.
• Lock-in applies to 20,14,400 shares until December 15, 2026.
• 21,600 shares are locked in until December 15, 2027.
• 1,20,000 shares are locked in until December 15, 2026.

Meeting Details

• Board meeting scheduled for Friday, 17th April 2026

Key Agenda Items

• Consider and approve issue of Series V Non-Convertible Debentures on private placement basis