Regulatory Compliance Clarification

Richfield Financial Services Limited responded to BSE Limited's communication dated June 19, 2026 regarding a discrepancy in Financial Results for quarter and year ended March 31, 2026. The company confirmed compliance with Regulation 33(2)(b) of SEBI LODR Regulations, 2015, stating that the financial results were duly signed by Managing Director Mr. Vadasseril Chacko Georgekutty. The company incorporated the name and designation of the Managing Director on the Financial Results page for clarity and addressed the discrepancy pointed out by BSE. No other changes were made to the Financial Results.

Financial Results Overview

The audited standalone financial results for quarter and year ended March 31, 2026 show:

Income Statement (₹ in lakhs):

  • Q4 FY26 (Audited): Total Revenue from operations: ₹429.96 lakhs; Total Income: ₹464.43 lakhs; Net Loss: ₹(6.41) lakhs
  • FY26 (Audited): Total Revenue from operations: ₹1,219.57 lakhs; Total Income: ₹1,306.28 lakhs; Net Profit: ₹35.26 lakhs
  • FY25 (Audited): Total Revenue from operations: ₹437.33 lakhs; Total Income: ₹503.08 lakhs; Net Profit: ₹12.54 lakhs

Key Financial Metrics:

  • Earnings per share (FY26): Basic and Diluted ₹0.37
  • Equity Share Capital (FY26): ₹965.62 lakhs
  • Net Worth: ₹14,16,09,175 (as disclosed in governance exemption letter)

Audit Report Details

The statutory auditors, A. John Moris & Co. (Firm Reg. No. 007220S), issued an unmodified opinion on the audited standalone financial results for the quarter and year ended March 31, 2026. The audit was conducted in accordance with Standards on Auditing specified under section 143(10) of Companies Act, 2013.

Corporate Governance Exemption

The company declared exemption from compliance with Regulation 23(9) of SEBI LODR Regulations, 2015, citing Regulation 15(2) which exempts entities with paid-up equity share capital not exceeding ₹10 crores and net worth not exceeding ₹25 crores. As of March 31, 2026:

  • Paid-up Equity Share Capital: ₹9,65,62,000
  • Net Worth: ₹14,16,09,175

Preferential Allotment and Fund Utilization

The company allotted 21,56,000 equity shares of ₹10 each on preferential basis to promoters and non-promoters at an issue price of ₹25 per share on March 10, 2026, raising ₹5,39,00,000. The company received listing approval from BSE Limited on May 19, 2026.

For the quarter ended March 31, 2026, the company reported no deviation or variation in utilization of funds raised through preferential allotment. The Audit Committee reviewed and confirmed this at its meeting held on May 26, 2026.

Additional Corporate Updates

  • The company shifted its registered office from West Bengal to Tamil Nadu effective January 6, 2026, with approval received from Ministry of Corporate Affairs
  • No investor complaints were pending as of quarter ended March 31, 2026
  • The company has designated grievances@rfsl.co.in for investor grievance redressal
  • Financial results are prepared in accordance with Indian Accounting Standards (Ind AS)

Capital Structure Changes

The equity share capital increased from ₹750.02 lakhs as of March 31, 2025 to ₹965.62 lakhs as of March 31, 2026, primarily due to the preferential allotment of 21,56,000 shares.