Regulatory27 May 2026, 11:57 am
Rita Finance Receives SEBI Warning Letter for LODR Non-Compliance
AI Summary
Rita Finance and Leasing Ltd received an administrative warning letter from SEBI on May 22, 2026, regarding non-compliance with Regulation 30(7) read with Regulation 4(1)(d) of the SEBI (LODR) Regulations, 2015. The non-compliance pertains to the non-disclosure of an email dated December 14, 2023, received from RBI concerning the processing of an application for change in control. SEBI has advised the company to ensure compliance with SEBI regulations and avoid future lapses. The letter will be presented to the Board of Directors in the next meeting.
Key Highlights
- SEBI issued a warning letter to Rita Finance for LODR violations.
- The violation relates to non-disclosure of an RBI email regarding change in control.
- SEBI advises greater care in compliance and avoidance of future lapses.
- The warning letter will be presented to the Board of Directors.
Price Impact
More from RFLL