Resignation of Mr. Mukesh Laxman Sharma from position of Non Executive Non Independent Director of the Company
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Mr. Mukesh Laxman Sharma (DIN: 05242810) has resigned from his position as Non-Executive Non-Independent Director of Rita Finance and Leasing Ltd, effective from the close of business hours on 13 February 2026. He cited increasing pre-occupation with other professional commitments as the reason, stating he could not devote sufficient time to the company's affairs. The board acknowledged his contribution during his tenure. He continues as a Director at Sellwin Traders Limited. No other material reasons were disclosed for the resignation.
This is a routine single-director exit due to personal time constraints and is unlikely to materially affect the company's operations or shareholder value. Investors may want to monitor whether a replacement director is appointed in due course to maintain board composition.