Richfield Financial Services Limited, in its board meeting on January 6, 2026, approved a proposal to raise up to Rs 50 crore through a public issue of non-convertible debentures (NCDs). The company also finalized a new registered office in Chennai and appointed Infomerics Valuation and Rating Ltd as the rating agency.
Richfield Financial Services Limited has announced significant corporate decisions following its board meeting held on Tuesday, January 6, 2026. The meeting, which commenced at 5:00 p.m. and concluded at 5:30 p.m., focused on key business expansion and financing plans aimed at strengthening the company’s capital structure.
Key decisions taken during the meeting include
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The board approved shifting the company’s registered office to Door No: 2/184, First Floor, Settu Chettiyar Building, Avadi Road, opposite the EB Office, Poonamalle, Chennai – 600056.
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A proposal for a public issue of non-convertible debentures (NCDs) aggregating up to Rs 50 crore was approved to enhance funding flexibility and support future growth.
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Infomerics Valuation and Rating Ltd has been appointed as the official rating agency for assessing the proposed NCDs.
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The agenda item concerning the maintenance of books of account at a location other than the registered office was deferred to a future board meeting.
These resolutions mark a strategic step toward strengthening Richfield Financial Services’ funding avenues and operational footprint in southern India.
Sources: Company filing with BSE, press release from Richfield Financial Services Limited