Rita Finance's Board approved increasing authorised share capital from ₹10 crore to ₹16 crore, subject to member approval.
Board approved preferential allotment of up to 60,00,000 convertible warrants at minimum ₹20/- per warrant to 18 allottees.
Warrants are convertible into equity shares (face value ₹10 each) within 18 months; 25% payable upfront at subscription.
Postal ballot notice issued for member approval of capital increase, warrant issuance, director regularisation, and auditor appointment.