RITA FINANCE AND LEASING LIMITED
Key Details of SEBI Warning Letter
- Letter Reference: HO/49/13/11(120)2026-CFD-SEC3-1/12204/2026
- Date: May 22, 2026
- Issuing Authority: Securities and Exchange Board of India (SEBI)
- Addressed to: Rita Finance and Leasing Ltd, Attention: Mrs. Deepika Vaid, Company Secretary & Compliance Officer
Specific Violation Cited
SEBI identified non-compliance with Regulation 30(7) read with Regulation 4(1)(d) of SEBI LODR Regulations, 2015. The violation pertains to failure to disclose receipt of an email dated December 14, 2023 from RBI regarding processing of application for change in control.
SEBI Directives and Advisory
- Company advised to exercise greater care in ensuring compliance with applicable SEBI regulations
- Company warned to avoid recurrence of such lapses in future
- Company directed to disclose this warning letter to recognized stock exchange(s) under LODR Regulations
- Company required to place the letter before the Board of Directors in the next Board Meeting
Consequences of Future Non-Compliance
SEBI explicitly stated that any repetition of such violations in future will be viewed seriously and appropriate enforcement action will be initiated under provisions of SEBI Act, 1992, Rules, Regulations or Circulars issued thereunder.
Company Response
The disclosure was signed by Sandip Patel, Director (DIN: 10849576) on behalf of Rita Finance and Leasing Limited.