First Leasing Company of India dives 20% on RBI order

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Shares of First Leasing Company of India are locked at 20 percent lower circuit at Rs 26.80 Monday after the Reserve Bank of India (RBI) directed the company not to deal in any manner with its property and assets without its prior permission.

"In the light of the findings of the inspection of the books of accounts and other records as on March 31, 2013 of First Leasing Company of India, the Reserve Bank of India has directed that until further orders, the company shall not, (a) sell, transfer, create charge or mortgage or deal in any manner with its property and assets without prior written permission of the Reserve Bank of India; (b) declare or distribute any dividend; (c) transact any business; or (d) incur any further liabilities," the company said in its filing.

There were pending sell orders of 75,665 shares, with no buyers available. Trading volumes jumped nearly eight times to 15,437 equity shares as compared to its five-day average of 1,968 shares.

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