Richfield Financial Services Ltd Management Discussions.

STATUTORY INFORMATION:

1. PARTICULARS OF EMPLOYEE

Pursuant section 197(12) of the Companies Act, 2013 and Rule 5(1) to the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, statement of particulars of employees are maintained in line with the provision of section 136 of the Companies Act, 2013. Members who are interested in obtaining these particulars may write to the Company Secretary at the Registered Office of the Company. The aforesaid Annexure is also available for inspection by members at the registered office of the Company, 21 days before the Annual General Meeting of the Company and up to the date of the ensuing Annual General Meeting during the business hours on working days.

2. THE RATIO OF THE REMUNERATION OF EACH DIRECTOR TO THE MEDIAN EMPLOYEE’S

The ratio of the remuneration paid to the Directors and to that of the median employee of the Company is as under:

Remuneration paid to Ms. Meenakshi Daga (Executive Directors) - Rs. 20,000/- p.m.

Remuneration paid to the Median Employee -Rs. 15,500/- p.m.

The ratio between them is 1.29: 1

There is no such employee in the Company Drawing Remuneration which in the aggregate exceeds Rs. 60,00,000/- employed throughout the financial year or Rs. 5,00,000/- or more per month employed during the part of the financial year,2014-15. The Company had 5 permanent employees.

None of the employees of the Company is a relative of any Director of the Company. Further none of the Employees hold (by himself or along with his spouse and dependent children) more than two percent of the equity shares of the Company.

3. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNING AND OUTGO

The provisions of Section 134 (3)(m) of the Companies Act, 2013, regarding conservation of energy and technology absorption, are not applicable.

Further there were no foreign exchange inflow or outgo during the period under review.

4. PUBLIC DEPOSIT

The Company has not accepted/renewed any deposit within the meaning of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014 and as such no amount of principal or interest was outstanding as on the Balance Sheet date.

5. LISTING WITH STOCK EXCHANGE

The Company confirms that it has paid the Annual Listing Fees for the year 2015-2016 to The Calcutta Stock Exchange Limited (CSE) where the Company’s Shares are listed. Company has also applied for listing it securities at Bombay Stock Exchange (BSE) Limited.

ACKNOWLEDGEMENT:

The Directors would like to thank clients, shareholders, vendors, government agencies, bankers & all other business associates for their continued support during the year. We place on record our appreciation for the contributions made by the employees at all levels.

Address for Correspondence: For and on Behalf of the Board of Directors
REGISTERED OFFICE : RICHFIELD FINANCIAL SERVICES LIMITED
33 Brabourne Road, 5th Floor
Kolkata: 700-001
Email: rfsl.nbfc@gmail.com
Website: www.rfsl.co.in
Telephone No.: (033) 2242-5812 (RAJESH KUMAR KANAKRIA) (MEENAKSHI DAGA)
Place: Kolkata Director Whole Time Director
Date: 30.05.2015 DIN:00097236 DIN:06995535