Rita Finance & Leasing has disclosed a significant pledge creation by its promoter under SEBI takeover regulations. The company filed the mandatory disclosure regarding the encumbrance of equity shares by promoter Pawan Kumar Mittal on March 20, 2026.

Pledge Details

The disclosure reveals comprehensive details about the share pledge arrangement executed on March 16, 2026:

Promoter Holdings Impact

Pawan Kumar Mittal's shareholding position shows the complete encumbrance of his stake in the company:

Regulatory Filing Process

The disclosure was made in accordance with regulation 31(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011. Director Sandip Patel (DIN: 10849576) signed the filing documents on behalf of the company, while promoter Pawan Kumar Mittal provided his separate disclosure as the pledging party.

The company submitted the required documentation to both stock exchanges where its shares are listed - BSE Limited (Security Code: 543256) and Metropolitan Stock Exchange of India Limited (Symbol: RFL). The pledge represents the entire promoter holding in the company, indicating a complete encumbrance of Pawan Kumar Mittal's stake for trading margin purposes with MSB e-Trade Securities Limited.

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.