Rita Finance and Leasing Limited has allotted 60,00,000 convertible warrants to persons belonging to the non-promoter category. The board of directors approved the allotment during a meeting held on May 13, 2026. The warrants were issued at a price of ₹20.00 per warrant by way of preferential allotment.

Allotment Details

The company received 25% of the issue price, amounting to ₹5.00 per warrant, at the time of subscription and allotment. The balance 75% of the issue price is payable upon the exercise of the warrants. Each warrant carries a right to subscribe to one equity share.

The warrants entitle the allottee to apply for and be allotted an equal number of equity shares for each warrant held. The exercise must occur within 18 months from the date of issue. If the warrants are not exercised within this period, they will lapse, and the amount paid will be forfeited by the company.

Shareholding Pattern

The allotment has resulted in significant shareholding changes for the non-promoter investors. The following table details the pre and post-allotment shareholding percentages.

Regulatory Disclosures

The disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the preferential allotment was made in accordance with the provisions of SEBI ICDR Regulations, 2018.

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:

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.