Rita Finance Allots 50.65 Lakh Equity Shares on Warrant Conversion

Rita Finance and Leasing Ltd announced the allotment of 50,65,000 equity shares following the conversion of warrants. The Board of Directors approved this conversion at their meeting on October 5, 2026. These shares, with a face value of ₹10 each, were issued at a price of ₹20 per share, with ₹15 paid upon conversion. This issuance increases the company's paid-up equity share capital to ₹15,06,50,000, comprising 1,50,65,000 equity shares. The newly allotted shares will rank pari passu with existing shares. The allotment was made to 12 identified investors through a preferential allotment.