Rita Finance and Leasing Ltd

AGM details

• AGM held on 30 September 2026 at 12:00 P.M. via video conferencing/OVAM.
• E-voting: 27–29 Sep 2026, 9:00 AM to 5:00 PM, plus AGM window.
• Meeting concluded at 12:20 P.M.

Resolutions and outcomes

• Adopt Audited standalone financial statements for FY2026 and reports (ordinary).
• Re-appoint director retiring by rotation: Pawan Kumar Mittal (ordinary).
• Appoint Statutory Auditors Parth R. Shah & Co. till 50th AGM; remuneration to be fixed (ordinary).
• Appoint Secretarial Auditor A. Ankita & Associates (ordinary).

Director changes

• Director re-appointment: Pawan Kumar Mittal, retiring by rotation.

Auditor appointments

• Statutory auditor: Parth R. Shah & Co. appointed till 50th AGM; remuneration to be fixed.
• Secretarial auditor: A. Ankita & Associates appointed.

Rita Finance and Leasing Limited - Trading window closed from 1 October 2026 till 48 hours after the declaration of Unaudited Financial Results for the quarter ended 30 September 2026

CEO appointment

• Appointment of Helly Raval Jayeshbhai as Chief Executive Officer.
• Effective date: 10 September 2026; term not specified.
• Reason: Board approved appointment on Nomination and Remuneration Committee recommendation.
• Profile: seasoned professional with strategic planning and operations experience.
• Relationship with directors: not related to any director.
• Board/committee impact: no other changes mentioned.

AGM Details

• 45th AGM via VC/OAVM on 30 September 2026 at 12:00 PM.
• Record date for attendance/distribution of annual report: 23 September 2026.
• Register of Members/Transfers closed 24 September 2026 to 30 September 2026.
• Remote e-voting period: 27 September 2026 to 29 September 2026.

Resolutions Put to Vote

• Ordinary: adoption of standalone financial statements and reports for FY 2025-26.
• Ordinary: re-appointment of Pawan Kumar Mittal by rotation as Director.
• Ordinary: appointment of Parth R. Shah & Co as Statutory Auditors for five years.
• Ordinary: appointment of A. Ankita & Associates as Secretarial Auditors for five years.

Financial performance

• Revenue from operations rose to ₹132.59 Lakhs in FY2025-26 from ₹102.84 Lakhs.
• Total revenue including other income stood at ₹132.59 Lakhs in FY2025-26, vs ₹106.44 Lakhs in FY2024-25.
• PBT rose to ₹92.04 Lakhs from ₹64.85 Lakhs.
• PAT ₹69.48 Lakhs; up from ₹60.31 Lakhs.
• EPS ₹0.69 for FY2025-26.
• ROCE 5.29% and operating margin 69.42%.

Capital & funding

• Authorized share capital increased to ₹16 Crore.
• 60 Lakh Convertible Warrants issued at ₹20 to raise ₹12 Crore.
• Warrants convert 1:1 with ₹10 premium per share.
• Board approved warrants on 13 May 2026.
• Paid-up capital ₹10 Crore; 1,00,00,000 shares; 99.04% dematerialised.
• No dividend recommended for FY2025-26.

Governance & leadership

• CEO Ramkumar Singh resigned 29 Jul 2025.
• Jenisha Het Shah appointed 13 Feb 2026; resigned 13 Jun 2026.
• CFO Suhas Niphadkar resigned 24 Feb 2026; Mukesh Sharma appointed 29 Apr 2026.
• Independent directors appointed 13 Feb 2026: Nilesh Thakkar and Reshma Morani.
• Company Secretary Deepika Vaid appointed 05 Dec 2025.
• Board size six: one non-exec and five independent.

Audit & compliance

• Statutory Auditor Parth R Shah & Co appointed for five years from AGM 2026.
• Secretarial Auditor Ankur Gandhi & Associates; MR-3; five-year term.
• Auditors' report emphasizes gratuity not provided.
• Internal Auditor M/s SK Goel & Associates.
• Related party transactions are arm's length and board-approved.

Financial position & controls

• Total assets ₹2,082.06 Lakhs; equity ₹683.09 Lakhs at year-end.
• Loans ₹1,929.66 Lakhs; cash ₹15.66 Lakhs; investments ₹100.01 Lakhs.
• Borrowings ₹330.83 Lakhs; RBI NBFC norms complied; internal controls adequate.

Outlook & risks

• NBFC sector growth expected 16-18%; Retail AUM FY2026-27.
• Rita positioned for growth via underwriting and cost controls.
• Asset-quality risks in unsecured retail and regulatory/capital-cost risks.

Appointment of Secretarial Auditor

• Board approved appointment of M/s. A. Ankita & Associates as Secretarial Auditor for FY 2026-27 to FY 2030-31.
• Term is five consecutive years, subject to shareholder approval at the ensuing AGM.
• Appointment to comply with Companies Act 2013 and SEBI LODR regulations.
• Firm is a professionally managed proprietorship providing secretarial, compliance, and governance services.

Resignation of secretarial auditor

• M/s Ankur Gandhi & Associates tendered resignation as Secretarial Auditor effective 3 September 2026.
• Resignation due to personal occupancies; no other material reasons or disagreements with management.
• Board noted the resignation; company to file required forms with ROC and authorities under Companies Act 2013.

Resignation details

• Name and designation: Mr. Mahesh Anand Dhanavade, Non-Executive Independent Director.
• Effective date of resignation: 29 August 2026 per Annexure; 27 August 2026 per resignation letter.
• Reason for resignation: personal reasons.
• There are no other material reasons disclosed.
• Board/committee memberships affected: vacating NED position; no committee roles disclosed.
• Other listed entities where director has directorships or committee roles: NIL disclosed.