Rita Finance and Leasing Limited issued a Postal Ballot Notice under Regulation 30 of SEBI LODR Regulations, 2015 for five special/ordinary resolutions.
The company proposes to issue 60 lakh convertible warrants at ₹20 each to 18 non-promoter allottees, raising ₹12 crore for working capital in its lending business.
Authorized share capital is proposed to increase from ₹10 crore to ₹16 crore, with consequent alteration of Clause V of the Memorandum of Association.
Two new Independent Directors and a new Statutory Auditor (M/s. Parth R. Shah & Co.) are being regularised/appointed via the postal ballot process.