Rita Finance and Leasing Ltd — Important, 13-05-2026: Company Update

The company's Board has approved the allotment of 60 lakh convertible warrants through a preferential issue to non-promoter investors. Each warrant is priced at Rs. 20, with 25% (Rs. 5 per warrant) already received, totaling Rs. 3 crore. The remaining 75% (Rs. 15 per warrant) is payable within 18 months for conversion into one equity share each. This allotment brings immediate capital to the company and offers potential for a further capital infusion of Rs. 9 crore upon full conversion, supporting future business operations.