Rita Finance and Leasing adopts FY26 financial statements at 45th AGM
- Rita Finance and Leasing held its 45th AGM virtually on September 30, 2026
- Shareholders adopted the audited standalone financial statements for FY26
- Pawan Kumar Mittal was reappointed as a director retiring by rotation
- Parth R. Shah And Co. appointed as statutory auditors until the 50th AGM
*this image is generated using AI for illustrative purposes only.
Rita Finance and Leasing Limited held its 45th Annual General Meeting (AGM) on September 30, 2026. The company conducted the meeting through video conferencing to comply with Ministry of Corporate Affairs guidelines. Shareholders approved the adoption of the audited standalone financial statements for the fiscal year ended March 31, 2026.
The meeting was chaired by Sandipbhai Patel, Director of the company. Key managerial personnel, including Chief Financial Officer Mukesh Sharma, attended the virtual session. The statutory auditor, Parth R. Shah, and the secretarial auditor, A. Ankita & Associates, were also present during the proceedings.
Resolutions Passed
The members passed several ordinary resolutions with the requisite majority. These resolutions covered the adoption of financial reports, director reappointments, and the appointment of auditing firms for the upcoming term.
| Resolution | Details |
|---|---|
| Financial Statements | Adopted audited standalone financials for FY26 |
| Director Appointment | Pawan Kumar Mittal reappointed as he retires by rotation |
| Statutory Auditor | Parth R. Shah And Co. appointed until conclusion of 50th AGM |
| Secretarial Auditor | A. Ankita & Associates appointed as secretarial auditors |
Voting and Compliance
The company provided e-voting facilities through CDSL for all resolutions. The voting period commenced on September 27, 2026, at 9:00 am and concluded on September 29, 2026, at 5:00 pm. Members who did not vote during this window were allowed to cast their votes during the AGM itself until 15 minutes after the meeting's conclusion.
Ankur Dineshchandra Gandhi, a practicing company secretary, served as the scrutinizer for the e-voting process. The results of the voting were scheduled for announcement within 48 hours of the meeting's conclusion and were to be uploaded on the company website as well as the BSE and Metropolitan Stock Exchange platforms.
Historical Stock Returns for Rita Finance & Leasing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.90% | +12.79% | +41.29% | -15.78% | -31.53% | +42.00% |
How will the adoption of the FY26 standalone financials impact Rita Finance's upcoming capital allocation strategy and dividend payout policy?
What specific growth targets or portfolio expansion plans did management outline for the fiscal year following the reappointment of Pawan Kumar Mittal?
How might the appointment of Parth R. Shah And Co. as statutory auditor until the 50th AGM influence investor confidence in the company's long-term governance stability?
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