Richfield Financial Services Limited disclosed the outcome of its Finance Committee meeting held on Monday, 24th August 2026. The meeting commenced at 11:00 a.m. and concluded at 11:30 a.m.
The Finance Committee considered and approved the proposal to acquire a loan portfolio of up to ₹7 crore from KLM Axiva Finvest Limited. The acquisition will be executed in one or more tranches.
Key Transaction Details:
- Parties Involved: Assignor/Seller/Servicer - KLM Axiva Finvest Limited; Assignee - Richfield Financial Services Limited
- Purpose: Acquisition of loan portfolio from KLM Axiva Finvest Limited
- Transaction Size: Up to ₹7 crore in one or more tranches
- Shareholding Relationship: None between the companies
Significant Terms of Agreement:
The company will acquire from KLM Axiva Finvest Limited:
- All assigned receivables together with underlying documents, along with all rights, benefits, powers, guarantees and indemnities, title and interest therein
- All collateral and underlying security interest created to secure repayment of the facilities comprising the assigned receivables
- All rights, title and interests under the facility agreement including all beneficial and economic interests, rewards, risks and other underlying documents
- All documents and data pertaining to the assigned receivables, except rights that are personal in nature
The assignee will have the right to enforce such security interest and appropriate amounts realized toward repayment of the facilities.
Additional Information:
- The parties are not related to each other
- No issuance of shares involved in this transaction
- No loan agreement aspects applicable to this transaction
- No termination or amendment of agreement involved
The disclosure was signed by Vadasseril Chacko Georgekutty, Managing Director (DIN: 09194854) on August 24, 2026 at 11:31:44 IST.