Rita Finance and Leasing Limited Approves Capital Increase and Preferential Warrant Issue
Rita Finance and Leasing Limited announced on March 26, 2026, that its Board of Directors approved an increase of the authorized share capital from Rs. 10,00,00,000 to Rs. 16,00,00,000, subject to member approval. The board also decided to raise funds through the issuance of up to 60,00,000 warrants at a minimum price of Rs.20.00 per warrant, with a right to warrant holders to apply for and be allotted one equity share of Rs. 10 each within 18 months.The warrants will be issued to the following allottees:
| Sr. No | Name of the Allottee | No. of Convertible Warrants |
|---|---|---|
| 1 | Rajnikant C Shukla HUF | 790000 |
| 2 | Sellwin Traders Limited | 790000 |
| 3 | Hetalben Monilbhai Vora | 600000 |
| 4 | Shilpa Buildcon Private Limited | 50000 |
| 5 | Neela Falgun Yagnik | 395000 |
| 6 | Falgun A Yagnik HUF | 380000 |
| 7 | Reshma Karan Morani | 50000 |
| 8 | Nitinbhai J Mistry | 50000 |
| 9 | Priyanka Mittal | 300000 |
| 10 | Rahul Mittal | 300000 |
| 11 | LongView Financial Services Pvt Ltd | 600000 |
| 12 | Pankaj Manilal Sheth | 10000 |
| 13 | Amit B Shah | 25000 |
| 14 | Abhay Bipinchandra Shah | 25000 |
| 15 | Helly Jayeshbhai Raval | 475000 |
| 16 | Mitesh Patel | 365000 |
| 17 | Mideast Healthcare Private Limited | 790000 |
| 18 | Montukumar Ganpatbhai Patel | 5000 |
Warrant holders can exercise their warrants within 18 months, paying at least 25% of the issue price upfront, with the balance due upon exercise. If warrants are not exercised within that period, they will lapse, and the paid amount will be forfeited.
The Board meeting commenced at 3:00 P.M. and concluded at 3:30 P.M. Sandip Patel served as Director, DIN: 10849576.
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