Rita Finance and Leasing Ltd has accepted the resignation of Jenisha Het Shah from the position of Chief Executive Officer (CEO) effective June 13, 2026. The resignation, submitted via a letter dated June 13, 2026, was tendered to pursue new professional opportunities that align with her long-term career goals and aspirations. The company informed the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Jenisha Het Shah confirmed that there are no other material reasons for her departure beyond the stated professional objectives. She expressed appreciation for the support received from the Board, management, and colleagues during her tenure and pledged full cooperation during the transition period to ensure a smooth handover of responsibilities.

Key Details of Resignation

The following table outlines the specific details regarding the change in leadership:

The company has requested the exchanges to update their records to reflect this change in its key managerial personnel.

Rita Finance and Leasing Limited clarified to the stock exchanges regarding the delay in disclosing an Administrative Warning Letter received from the Securities and Exchange Board of India (SEBI). The company stated that the letter, dated May 22, 2026, was physically received through email communication on May 25, 2026. The disclosure was subsequently submitted to the exchanges on May 27, 2026, following an internal review of the matter.

The regulator had issued the warning letter regarding alleged non-compliance with disclosure norms, specifically the failure to disclose the receipt of an email from the Reserve Bank of India (RBI) dated December 14, 2023. This RBI communication concerned the processing of an application for change in control. SEBI noted that the company was not in compliance with Regulation 30(7) read with Regulation 4(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In its response to the exchange's query on the delay, Rita Finance and Leasing Limited asserted that the lapse was neither intentional nor due to any mala fide reason. The company attributed the time gap between the letter's date and its disclosure to the duration required for internal review and processing of the communication. It reiterated its commitment to ensuring timely compliance with all applicable regulatory requirements.

SEBI has viewed the non-compliance seriously and advised the company to exercise greater care to ensure adherence to applicable provisions. The regulator warned that any repetition of such violations would invite appropriate enforcement action under the SEBI Act, 1992, and associated rules. The company has been directed to place the Administrative Warning Letter before its Board of Directors in the next meeting.

The disclosure was submitted to the exchanges by Sandip Patel, Director of Rita Finance and Leasing Limited. The company confirmed that a copy of the SEBI letter is enclosed with the filing.