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the Open Offer by Tirupati Agrotech Private Limited, to acquire shares in our Company being the Target Company stand withdrawn.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Jindal Leasefin Ltd has withdrawn its open offer to acquire 26% of the company's shares due to non-approval from RBI for the proposed change in management.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