Rita Finance Converts 50.65 Lakh Warrants to Equity Shares

Rita Finance and Leasing Ltd announced the conversion of 50,65,000 warrants into an equivalent number of equity shares. The Board of Directors approved this conversion, allotting 50,65,000 fully paid-up equity shares of face value ₹10 each. This conversion, originally through preferential allotment, increases the company's issued, subscribed, and 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 equity shares. The issuance involved 12 allottees, with individual shareholding details provided in an annexure.