Rita Finance and Leasing Limited clarified to the stock exchanges regarding the delay in disclosing an Administrative Warning Letter received from the Securities and Exchange Board of India (SEBI). The company stated that the letter, dated May 22, 2026, was physically received through email communication on May 25, 2026. The disclosure was subsequently submitted to the exchanges on May 27, 2026, following an internal review of the matter.

The regulator had issued the warning letter regarding alleged non-compliance with disclosure norms, specifically the failure to disclose the receipt of an email from the Reserve Bank of India (RBI) dated December 14, 2023. This RBI communication concerned the processing of an application for change in control. SEBI noted that the company was not in compliance with Regulation 30(7) read with Regulation 4(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In its response to the exchange's query on the delay, Rita Finance and Leasing Limited asserted that the lapse was neither intentional nor due to any mala fide reason. The company attributed the time gap between the letter's date and its disclosure to the duration required for internal review and processing of the communication. It reiterated its commitment to ensuring timely compliance with all applicable regulatory requirements.

SEBI has viewed the non-compliance seriously and advised the company to exercise greater care to ensure adherence to applicable provisions. The regulator warned that any repetition of such violations would invite appropriate enforcement action under the SEBI Act, 1992, and associated rules. The company has been directed to place the Administrative Warning Letter before its Board of Directors in the next meeting.

The disclosure was submitted to the exchanges by Sandip Patel, Director of Rita Finance and Leasing Limited. The company confirmed that a copy of the SEBI letter is enclosed with the filing.

Rita Finance And Leasing Limited reported a net profit of ₹69.48 lakh for the financial year ended March 31, 2026, marking a 15.2% increase from the previous year. Revenue from operations rose to ₹132.59 lakh in FY26, compared to ₹102.84 lakh in the prior year. The board adopted the audited standalone financial results and appointed M/s. Shweta Jain & Co LLP as the internal auditor for the financial year 2026-27 at a meeting held on May 27, 2026, in Ahmedabad.

The company's total income for the year stood at ₹132.59 lakh, while total expenses were recorded at ₹40.55 lakh. For the quarter ended March 31, 2026, the company posted a net profit of ₹12.25 lakh on revenue from operations of ₹38.33 lakh. The statutory audit was conducted by M/s. Parth R Shah And Co., Chartered Accountants, who issued an unmodified opinion on the financial results.

Financial Performance Summary

The following table details the financial performance for the quarter and year ended March 31, 2026:

Assets and Liabilities

As of March 31, 2026, the company's total assets stood at ₹2082.05 lakh, an increase from ₹1904.22 lakh in the previous year. Financial assets, including loans and investments, formed a significant portion of the balance sheet. Loans amounted to ₹1929.66 lakh, while investments were recorded at ₹100.01 lakh. The company's borrowings increased to ₹330.83 lakh from ₹251.80 lakh in the prior year. Equity share capital remained unchanged at ₹1000.00 lakh, while reserves and surplus grew to ₹705.64 lakh.

Internal Auditor Appointment

The Board approved the appointment of M/s. Shweta Jain & Co LLP (FRN: 127673W/W101149), Chartered Accountants, as internal auditors to conduct the internal audit for the financial year 2026-27. The appointment was made to comply with the Companies Act, 2013 and the requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.