The Richfield Financial Services NCD allotment worth Rs 1.411 crore was disclosed in a BSE filing on October 3, 2026. Richfield Financial Services Ltd said its Finance Committee allotted the Series VI secured, unlisted, redeemable non-convertible debentures that day through private placement to identified allottees.

The issue comprises 14,110 NCDs issued at par at Rs 1,000 each, aggregating to Rs 1,41,10,000. The company described the allotment as being on a preferential basis and confirmed that the instruments are not proposed to be listed on a stock exchange.

The Finance Committee meeting ran from 5 pm to 5:30 pm. The company submitted the disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Richfield Financial Services trades on BSE under scrip code 539435.

Five repayment options in Series VI

The term sheet sets out three fixed-coupon options and two cumulative options. All five carry an allotment date of October 3, 2026.

  • Option I offers an 11.25% fixed simple coupon with monthly interest payments. Its stated tenure is 400 days, with redemption at Rs 1,000 per NCD on November 7, 2027.
  • Option II is a cumulative option with annual compounding and a 16-month tenure. It pays Rs 1,162 per NCD at maturity on February 3, 2028.
  • Option III carries an 11.50% fixed simple coupon, paid monthly, with a stated two-year tenure. Redemption is Rs 1,000 per NCD on October 2, 2028.
  • Option IV offers a 12% fixed simple coupon, paid monthly, over five years. Redemption is Rs 1,000 per NCD on October 3, 2031.
  • Option V is a cumulative zero-coupon option with annual compounding over 68 months. It pays Rs 2,000 per NCD on June 3, 2032.

Monthly interest payments begin on November 1, 2026, and fall on the first day of each month, with the final interest payment at maturity.

Security against movable assets

The filing specifies a first-ranking pari passu charge with existing secured creditors over the company's present and future movable assets. These include book debts, receivables, cash, bank balances, loans and advances.

The specified security covers one times the outstanding NCD value plus accrued interest, subject to applicable statutory and regulatory obligations.