Rita Finance & Leasing Limited has issued a formal response to the Bombay Stock Exchange (BSE) regarding queries about significant movement in its share price. The company's clarification, dated March 19, 2026, addresses BSE's email reference L/SURV/ONL/PV/SI/2025-2026/3441 from March 17, 2026.

Company's Response to Price Movement Query

The company confirmed its full compliance with all exchange provisions and regulations, stating there have been no violations of any rules. Rita Finance emphasized that its shares are freely tradable and that the company has no control over share price movements.

Market Forces and Share Price Determination

The management explained that share prices are determined by market forces of supply and demand, which remain beyond the company's control. This standard market mechanism governs the trading behavior of Rita Finance shares on the exchange.

Corporate Governance and Transparency Commitment

Director Sandip Patel, representing the company, reaffirmed Rita Finance's commitment to maintaining transparency and good corporate governance practices. The company assured stakeholders of its dedication to:

• Providing latest and relevant company information
• Continuing compliance with all exchange regulations
• Maintaining trust and confidence of shareholders
• Creating long-term value for investors

Company Information

Rita Finance and Leasing Limited operates with its registered office in Delhi and corporate office in Ahmedabad. The company maintains its commitment to achieving business objectives while adhering to regulatory requirements and maintaining stakeholder confidence through transparent communication practices.

Rita Finance & Leasing Limited has announced the resignation of its Chief Financial Officer, Mr. Suhas Somkant Niphadkar, effective from 24th February, 2026. The company formally communicated this development to stock exchanges in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Resignation

The company has provided comprehensive details regarding the CFO transition:

Reason for Departure

In his resignation letter dated 24th February, 2026, Niphadkar explained his decision to step down from the CFO position. He cited increasing pre-occupation with other professional assignments as the primary reason, stating that he could no longer devote the required level of time and attention to effectively discharge his responsibilities as Chief Financial Officer.

Niphadkar emphasized that after careful consideration, he believed it was in the best interest of the company to step down from his role. He confirmed that there were no other material reasons beyond those provided for his resignation.

Regulatory Compliance and Impact

The company has fulfilled its regulatory obligations by notifying the relevant stock exchanges about this key managerial personnel change. With Niphadkar's departure, he ceases to be a 'Key Managerial Personnel' of the company under regulation 30(5) for determining the materiality of any event or transaction for making required disclosures to stock exchanges.

Transition and Cooperation

In his resignation letter, Niphadkar expressed appreciation for the support and cooperation extended by the Board, management, and colleagues during his tenure. He described his time with the organization as a valuable professional experience and committed to extending full cooperation during the transition period to ensure smooth handover of responsibilities and ongoing matters.

The resignation was formally accepted by the company's Board of Directors, with Director Sandip Patel (DIN: 10849576) signing the official communication to stock exchanges on behalf of Rita Finance and Leasing Limited.