Richfield Financial Services Ltd — Important, 14-10-2025: Company Update

Richfield Financial Services Limited's Board has approved a preferential allotment of 40 lakh equity shares at Rs. 25 each, raising Rs. 10 crore. These shares will be issued to identified non-promoters and promoters. This capital infusion strengthens the company's financial position. Additionally, the Board proposed applying for a Corporate Agent License, signaling a potential expansion into the insurance sector. A separate bank account will be opened for the issue, and a registered valuer has been appointed to determine the preferential issue price. This strategic move aims to diversify revenue streams for the company.