Rita Finance and Leasing Limited Appoints Mukesh Laxman Sharma as Chief Financial Officer
Rita Finance and Leasing Limited has appointed Mr. Mukesh Laxman Sharma as Chief Financial Officer, effective April 29, 2026, following board approval based on Nomination and Remuneration Committee recommendations. Mr. Sharma brings 24 years of BFSI sector experience, including corporate experience with HSBC Bank and over 22 years of entrepreneurial experience as Managing Director of Aquaria Advisory Services Pvt Ltd. The appointment was disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015, as a revised submission following BSE feedback regarding additional details required under recent SEBI circular requirements.
*this image is generated using AI for illustrative purposes only.
Rita Finance & Leasing Limited has announced the appointment of Mr. Mukesh Laxman Sharma as Chief Financial Officer (CFO), marking a significant leadership addition to the company's executive team. The appointment was formalized following board approval on April 29, 2026.
Board Approval and Regulatory Compliance
The Board of Directors approved Mr. Sharma's appointment during their meeting held on April 29, 2026, based on recommendations from the Nomination and Remuneration Committee. The board meeting commenced at 12:30 P.M. and concluded at 01:00 P.M. The company filed this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as a revised submission following feedback from BSE Limited regarding additional details required under SEBI circular dated November 11, 2024.
Appointee Profile and Experience
Mr. Mukesh Laxman Sharma brings substantial experience to his new role, with key qualifications and background detailed below:
| Parameter: | Details |
|---|---|
| Educational Background: | Science graduate from Mumbai University (2000), Diploma in Software Engineering |
| Total BFSI Experience: | 24 years |
| Corporate Experience: | 2 years with HSBC Bank |
| Current Role: | Managing Director, Aquaria Advisory Services Pvt Ltd |
| Entrepreneurial Experience: | 22+ years in finance and insurance advisory segment |
| Relationship with Directors: | Not related to any Director of the Company |
Professional Background
Mr. Sharma has demonstrated expertise across multiple areas of the financial services sector. His career spans both corporate banking experience with HSBC Bank and extensive entrepreneurial ventures. As Managing Director of Aquaria Advisory Services Pvt Ltd, he has successfully operated business operations in the finance and insurance advisory segment for over 22 years, showcasing his leadership capabilities and industry knowledge.
Appointment Details
The appointment became effective on April 29, 2026, with Mr. Sharma assuming the role of Chief Financial Officer of the company. This strategic appointment aligns with the company's governance requirements and strengthens its financial leadership structure.
Company Information
Rita Finance and Leasing Limited operates with its registered office located at 325, IIIrd Floor, Aggarwal Plaza, Sector-14, Rohini, Delhi-110085, and corporate office at 303, Tilakraj Complex, Opp. Surya Rath, Panchavati First Lane, Ambawadi, Ahmedabad – 380006. The company is listed on BSE Limited with security code 543256 and Metropolitan Stock Exchange of India Limited with symbol RFL.
Historical Stock Returns for Rita Finance & Leasing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.87% | -5.69% | -1.66% | -10.09% | -38.02% | +65.80% |
How will Mr. Sharma's extensive BFSI and advisory experience influence Rita Finance's strategic expansion plans in the coming quarters?
What specific financial restructuring or growth initiatives might the company pursue under its new CFO leadership?
Could this senior-level appointment signal Rita Finance's preparation for major corporate actions like fundraising or acquisitions?
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