Key Details of Resignation
- Director Name & DIN: Mr. Mahesh Anand Dhanavade (DIN: 07782425)
- Role: Non-Executive Independent Director
- Effective Date of Cessation: 29 August 2026 (The resignation letter from the director states an effective date of 27 August 2026, creating a discrepancy with the company's stated effective date of 29 August 2026).
- Reason for Resignation: Personal reasons. The director explicitly confirmed that "there are no other material reasons" for his resignation.
Additional Information from Annexure
- Date of Appointment: Not disclosed in the annexure.
- Listed Entity Directorships: The resigning director holds no directorships in any other listed entities (disclosed as NIL).
- Relationships between Directors: Not applicable for a resignation.
Company Acknowledgement
The Board of Directors of Rita Finance and Leasing Limited acknowledged Mr. Dhanavade's contributions and support during his tenure.
Director's Resignation Letter Content
The resignation letter, dated 29 August 2026 and signed in Mumbai, reiterated the resignation due to personal reasons effective 27 August 2026. Mr. Dhanavade expressed gratitude to the board, management, and staff and confirmed no other matters needed to be brought to the attention of shareholders or regulators.
Financial & Operational Impact
No financial or operational impact was quantified or disclosed in the filing.
#Tags: #RitaFinance #ManagementChange #SEBIDisclosure #RegulatoryCompliance #DirectorResignation #Neutral