Rita Finance receives SEBI warning over non-disclosure of RBI email
May 27, 2026
Rita Finance and Leasing Limited was issued an Administrative Warning Letter by SEBI on May 22, 2026, for failing to disclose an RBI email regarding a change in control application. The non-compliance pertains to Regulation 30(7) and Regulation 4(1)(d) of the SEBI (LODR) Regulations, 2015. SEBI has advised the company to ensure strict compliance and warned of enforcement action for future violations.
rita finance & leasing received an Administrative Warning Letter from the Securities and Exchange Board of India (SEBI) on May 22, 2026, regarding alleged non-compliance with disclosure norms. The regulator observed that the company failed to disclose the receipt of an email dated December 14, 2023, from the Reserve Bank of India (RBI) concerning the processing of an application for change in control. This lapse was identified during an examination related to the company's Open Offer matter.
The warning letter, bearing reference number HO/49/13/11(120)2026-CFD-SEC3-I/12204/2026, states that Rita Finance and Leasing Limited is not in compliance with Regulation 30(7) read with Regulation 4(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. SEBI has viewed the non-compliance seriously and advised the company to exercise greater care to ensure adherence to applicable provisions and prevent future lapses.
The regulator warned that any repetition of such violations would invite appropriate enforcement action under the SEBI Act, 1992, and associated rules and regulations. Consequently, the company has been directed to place the Administrative Warning Letter before its Board of Directors in the next meeting.
Detail Information Regulator Securities and Exchange Board of India (SEBI) Letter Reference HO/49/13/11(120)2026-CFD-SEC3-I/12204/2026 Date of Letter May 22, 2026 Non-Compliance Regulation 30(7) read with Regulation 4(1)(d) of SEBI (LODR) Regulations, 2015 Undisclosed Event RBI email dated December 14, 2023, regarding change in control application
The disclosure was submitted to the exchanges on May 27, 2026, by Sandip Patel, Director of Rita Finance and Leasing Limited. The company confirmed that a copy of the SEBI letter is enclosed with the filing.
Rita Finance And Leasing Limited has announced that its board of directors will meet on Wednesday, May 27, 2026. The primary agenda for the meeting is to consider, approve, and take on record the audited standalone financial results of the company for the year ended March 31, 2026. This disclosure is made in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The meeting is scheduled to take place at the company's corporate office located at 303, Tilakraj Complex, Opp. Surya Rath, Panchavati First Lane, Ambawadi, Ahmedabad. The board will deliberate upon the financial performance of the company for the full fiscal year. Additionally, the directors may discuss any other matters that may be considered necessary with the permission of the chair.
Key Meeting Details
The following table outlines the key details regarding the upcoming board meeting:
Detail Information Company Name Rita Finance And Leasing Limited Meeting Date May 27, 2026 Meeting Day Wednesday Venue 303, Tilakraj Complex, Opp. Surya Rath, Panchavati First Lane, Ambawadi, Ahmedabad – 380006 Purpose To consider Audited Standalone Financial Results for the year ended March 31, 2026
The intimation was addressed to the Department of Corporate Relations at BSE Limited and the Metropolitan Stock Exchange of India Limited. The company's security code on the BSE is 543256, and the symbol is ROLL. The ISIN for the company's securities is INE018S01016.
The communication was signed by Sandip Patel, Director of the company. Shareholders and market participants are advised to await the official announcement of the financial results following the conclusion of the board meeting.
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The warning letter, bearing reference number HO/49/13/11(120)2026-CFD-SEC3-I/12204/2026, states that Rita Finance and Leasing Limited is not in compliance with Regulation 30(7) read with Regulation 4(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. SEBI has viewed the non-compliance seriously and advised the company to exercise greater care to ensure adherence to applicable provisions and prevent future lapses.
The regulator warned that any repetition of such violations would invite appropriate enforcement action under the SEBI Act, 1992, and associated rules and regulations. Consequently, the company has been directed to place the Administrative Warning Letter before its Board of Directors in the next meeting.
Detail Information Regulator Securities and Exchange Board of India (SEBI) Letter Reference HO/49/13/11(120)2026-CFD-SEC3-I/12204/2026 Date of Letter May 22, 2026 Non-Compliance Regulation 30(7) read with Regulation 4(1)(d) of SEBI (LODR) Regulations, 2015 Undisclosed Event RBI email dated December 14, 2023, regarding change in control application
The disclosure was submitted to the exchanges on May 27, 2026, by Sandip Patel, Director of Rita Finance and Leasing Limited. The company confirmed that a copy of the SEBI letter is enclosed with the filing.
Rita Finance And Leasing Limited has announced that its board of directors will meet on Wednesday, May 27, 2026. The primary agenda for the meeting is to consider, approve, and take on record the audited standalone financial results of the company for the year ended March 31, 2026. This disclosure is made in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The meeting is scheduled to take place at the company's corporate office located at 303, Tilakraj Complex, Opp. Surya Rath, Panchavati First Lane, Ambawadi, Ahmedabad. The board will deliberate upon the financial performance of the company for the full fiscal year. Additionally, the directors may discuss any other matters that may be considered necessary with the permission of the chair.
Key Meeting Details
The following table outlines the key details regarding the upcoming board meeting:
Detail Information Company Name Rita Finance And Leasing Limited Meeting Date May 27, 2026 Meeting Day Wednesday Venue 303, Tilakraj Complex, Opp. Surya Rath, Panchavati First Lane, Ambawadi, Ahmedabad – 380006 Purpose To consider Audited Standalone Financial Results for the year ended March 31, 2026
The intimation was addressed to the Department of Corporate Relations at BSE Limited and the Metropolitan Stock Exchange of India Limited. The company's security code on the BSE is 543256, and the symbol is ROLL. The ISIN for the company's securities is INE018S01016.
The communication was signed by Sandip Patel, Director of the company. Shareholders and market participants are advised to await the official announcement of the financial results following the conclusion of the board meeting.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.
We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.
Disclaimer:
The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.
This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.
The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.
We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.
This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.
By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.
We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.