Richfield Financial Services Ltd

The Board of Directors of the Company at its meeting held today have considered and approved the proposal to raise funds through the issuance of 100000 (One Lakh) Nos. of Secured Redeemable Series III Non-Convertible Debentures (NCDs) of Rs.1000/- each aggregating to Rs.100000000 (Rupees Ten Crore Only) on Private Placement basis in one or more tranches to the identified persons in accordance with the provisions of the Companies Act 2013 and other applicable laws.