Notice of Postal Ballot dated 26th March, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rita Finance and Leasing Ltd has issued a Postal Ballot notice seeking shareholder approval on 5 resolutions, with e-voting open from 29 March 2026 to 27 April 2026 via NSDL. Resolution 1 proposes increasing the authorised share capital from ₹10 crore (1 crore shares of ₹10 each) to ₹16 crore (1.6 crore shares of ₹10 each). Resolution 2 seeks approval to issue up to 60 lakh convertible warrants at ₹20 per warrant (₹10 face value + ₹10 premium) to 18 non-promoter allottees, potentially raising up to ₹12 crore. Resolutions 3 and 4 seek regularisation of Mrs. Reshma Karan Morani and Mr. Nilesh Prafulbhai Thakkar as Independent Directors for a 5-year term ending 12 February 2031. Resolution 5 proposes appointing M/s. Parth R. Shah & Co. (FRN: 153846W) as Statutory Auditors until the 45th AGM.
If approved, the company will have room to issue up to 60 lakh additional shares via warrant conversion, which could lead to equity dilution for existing shareholders (up to ~37.5% expansion from current 1 crore authorised equity base once fully converted). The capital raise signals potential growth plans, while the director and auditor appointments are routine governance items.