BSECompany Update2d ago · 23 Sept 2026, 06:07 pm

The Company informs BSE that pursuant to non-approval of the RBI, of the proposed change in management, the proposed acquisition of control cannot be proceeded with and therefore, the Open Offer by Tirupati Agrotech Private Limited, to acquire shares in our Company being the Target Company stand withdrawn.

Jindal Leasefin Ltd · 539947

✦ AI Summary▼ NegativeRegulatory

Jindal Leasefin Ltd has withdrawn its open offer to acquire 26% of the company's shares due to non-approval from RBI for the proposed change in management.

Analysis Scores

Earnings Impact0/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk8/10
Balance Sheet Risk0/10
Liquidity Impact0/10
Market Sentiment2/10

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Jindal Leasefin Ltd - 539947 - Withdrawal Of Open Offer By Tirupati Agrotech Private Limited, To Acquire Shares Representing 26% Of Total Paid-Up Equity Shares Of Our Company Being The Target Company, Stands Withdrwawn, In Terms Of Regulation 23 Of SEBI SAST.

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Date: 23rd September 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400001 Scrip Code: 539947|ISIN: INE919T01013 Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Withdrawal of Open offer. Ref:- Open offer by M/s. Tirupati Agrotech Private Limited (“Acquirer”) to acquire 7,82,314 equity shares representing 26 % of total paid-up equity shares of Jindal Lease(cid:980)in Limited (“Target Company”) Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Company has received a communication from the Reserve Bank of India (“RBI”) dated 22nd September 2026, whereby RBI has not approved / not acceded the request for the proposed change in management. of the company. The aforesaid application was made in connection with the proposed acquisition of control of the Company by M/s Tirupati Agrotech Private Limited (Acquirer), pursuant to which an Open Offer has been made to the public shareholders of the Company in accordance with the applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations, 2011). In view of the aforesaid communication received from RBI and the consequent non-approval of the proposed change in management, the proposed acquisition of control cannot be proceeded with. Accordingly, the Open Offer by M/s. Tirupati Agrotech Private Limited (“Acquirer”) to acquire 7,82,314 equity shares representing 26 % of total paid-up equity shares of Jindal Lease(cid:976)in Limited (“Target Company”) stands withdrawn in terms of Regulation 23 of the SEBI SAST Regulations, 2011. The above is being submitted for your information and records. Thanking you, For and on behalf of Jindal Lease(cid:976)in Limited Surender Kumar Jindal Managing Director Din: 00130589