Rita Finance and Leasing Ltd (543256)

Rita Finance and Leasing Limited has submitted its Statement of Deviation or Variation under Regulation 32(1) of SEBI LODR for the quarter ended September 30, 2026. The submission pertains to funds raised via preferential allotment of convertible warrants. The filing is a standard quarterly compliance requirement confirming the utilization status of preferential issue proceeds.

• Compliance submission under Regulation 32(1) of SEBI LODR Regulations, 2015
• Pertains to funds raised via Convertible Warrants issued on a preferential basis
• Covers utilization details for the quarter ended September 30, 2026
• Signed and submitted on November 3, 2026, by CEO Helly Jayeshbhai Raval

Rita Finance and Leasing Ltd announced that its Board of Directors approved the standalone unaudited financial results for Q2 and H1 ended September 30, 2026. The submission includes the Limited Review Report issued by statutory auditor Parth R Shah and Co. While detailed financial figures were omitted in the cover disclosure extract, the auditor issued an unmodified review report with no material misstatements noted. The micro-cap NBFC currently has an annualized revenue run rate of approximately Rs 1 Cr and a market cap of Rs 11 Cr.

• Board approved standalone unaudited results for Q2 and H1 ended September 30, 2026
• Meeting conducted on November 3, 2026, at the Ahmedabad corporate office
• Independent Auditor Parth R Shah and Co issued an unmodified Limited Review Report under SRE 2410
• Detailed P&L figures for Q2 were not disclosed in the text extract

Rita Finance and Leasing Ltd held a board meeting on November 3, 2026, approving standalone unaudited financial results for Q2 and H1 ended September 30, 2026, along with the Limited Review Report. The meeting commenced at 04:30 PM and concluded at 05:00 PM. Although the approval was confirmed, specific numerical financial metrics for the quarter were not included in this outcome text.

• Board meeting conducted on November 3, 2026, from 04:30 PM to 05:00 PM
• Approved standalone unaudited financial results for Q2 and H1 ended September 30, 2026
• Results approved under Regulation 33 of SEBI (LODR) Regulations, 2015 alongside Limited Review Report

Rita Finance and Leasing Ltd responded to a BSE surveillance query dated October 19, 2026, regarding significant movement in its share price. The company confirmed compliance with all exchange regulations and stated it has no undisclosed material information. Management noted that share prices are determined purely by market supply and demand, which remain beyond company control. The stock has a micro-cap valuation of approximately ₹11 Cr with TTM revenue of ₹1 Cr.

• Response to BSE email reference L/SURV/ONL/PV/AJ/ 2026-2027 / 4402 dated 19th October, 2026
• Company confirmed compliance with all regulatory provisions with no rule violations reported
• Management stated share price movements are purely market-driven with no undisclosed material events
• Filing submitted on 23rd October, 2026 by Chief Executive Officer Helly Jayeshbhai Raval

Rita Finance and Leasing Limited approved the conversion of 50,65,000 warrants into an equivalent number of fully paid equity shares of ₹10 face value. The shares were allotted at an issue price of ₹20 per share upon receipt of the remaining 75% consideration (₹15 per share), infusing approximately ₹7.60 crore. Consequent to this allotment across 12 allottees, the company's paid-up share capital increased from ₹10.00 crore to ₹15.065 crore. The expansion represents a 50.65% increase in share base, resulting in significant equity dilution for existing shareholders.

• Approved conversion of 50,65,000 warrants into 50,65,000 equity shares of ₹10 face value
• Allotment priced at ₹20 per share, with ₹15 per share (75% balance) received upon conversion
• Total capital raised from this conversion tranche is approximately ₹7.60 crore
• Paid-up equity share capital increases from ₹10.00 crore to ₹15.065 crore (1,50,65,000 shares)
• Shares allotted across 12 allottees, including Rajnikant C Shukla HUF and Sellwin Traders (5.24% each)

Rita Finance and Leasing Limited announced that Mr. Mahesh Anand Dhanavade (DIN: 07782425) has resigned as Non-Executive Independent Director, effective August 29, 2026. The director stated that the resignation is purely due to personal reasons and confirmed there are no other material reasons. The company has a net worth of Rs 17 crore and posted revenue of Rs 0.4413 crore with PAT of Rs 0.152 crore in the June 2026 quarter.

• Mr. Mahesh Anand Dhanavade resigned as Non-Executive Independent Director effective August 29, 2026
• Confirmation provided that resignation is purely due to personal reasons with no other material reasons
• The resigning director holds NIL directorships in other listed entities
• Company reported revenue of Rs 0.4413 crore and net profit of Rs 0.152 crore in June 2026

Rita Finance and Leasing Ltd has filed its quarterly statement of fund utilization for the period ended June 30, 2026. The company raised ₹456.50 Lakhs through the preferential allotment of convertible warrants on May 13, 2026. As of the quarter-end, ₹349.00 Lakhs has been deployed toward working capital requirements out of an allocated ₹441.50 Lakhs. The company reported no deviations or variations from the objects stated in the offer document.

• Raised ₹456.50 Lakhs via preferential allotment of convertible warrants on May 13, 2026
• Utilized ₹349.00 Lakhs for working capital requirements against an original allocation of ₹441.50 Lakhs
• Spent ₹11.00 Lakhs on fund-raising expenses out of the ₹15.00 Lakhs allocated
• Confirmed zero deviation or variation in the use of funds for the quarter ended June 30, 2026

Rita Finance and Leasing Ltd's board met on August 13, 2026, to approve the standalone unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap NBFC with a market capitalization of approximately ‑12 Cr and a TTM revenue of ‑1 Cr. This filing confirms the regulatory approval of the results, though the specific P&L table was not included in this cover letter. The stock has faced significant pressure, declining 49.8% over the past 12 months.

• Board meeting held on August 13, 2026, to approve Q1 FY27 results
• The meeting commenced at 03:30 P.M. and concluded at 04:00 P.M.
• Company reported a TTM PAT of ‑1 Cr against a TTM revenue of ‑1 Cr
• Promoter holding remains relatively low at 28.89% as of June 2026

Rita Finance and Leasing Ltd has announced a board meeting on August 13, 2026, to approve the unaudited standalone financial results for the quarter ended June 30, 2026. The company is a micro-cap NBFC with a market capitalization of only ₹12 Cr and TTM revenue of ₹1 Cr. Given the stock's 50% decline over the last 12 months, the upcoming results will be critical to assess if the company can stabilize its small-scale operations. The promoter holding remains relatively low at 28.89%.

• Board meeting scheduled for August 13, 2026, to approve Q1 FY27 results.
• Company reported a TTM revenue of ₹1 Cr against a market cap of ₹12 Cr.
• Promoter holding as of June 2026 stands at 28.89%.
• Stock price has experienced a significant 12-month return of -50.0%.