Board Meeting7 Sept 2026, 10:42 am
Richfield Financial Services Ltd to Raise ₹10 Crore via NCDs
AI Summary
Richfield Financial Services Ltd announced today that its Board of Directors has approved a proposal to raise funds amounting to ₹10 Crore through the issuance of 1,00,000 Secured Redeemable Series VI Non-Convertible Debentures (NCDs) with a face value of ₹1000 each. The issuance will be conducted on a private placement basis in one or more tranches. The NCDs will be secured and redeemable, with various tenure options ranging from 400 days to 5 years, offering interest rates between 11.25% and 12.00%. The deemed date of allotment is October 03, 2026. The company also detailed the terms, including coupon payment schedules and redemption methods (out of profits or fresh issue).
Key Highlights
- Board approved raising ₹10 Crore via NCDs.
- Issuance of 1,00,000 Secured Redeemable Series VI NCDs.
- Private placement basis with multiple tenure and interest options.
- Deemed allotment date set for October 03, 2026.
- Redemption to be made out of profits or fresh issue.
Price Impact
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