BSECompany Update12 Oct 2026 · 12 Oct 2026, 06:08 pm

Intimation of Withdrawal of Open Offer.

Brijlaxmi Leasing & Finance Ltd · 532113

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Brijlaxmi Leasing & Finance Ltd has withdrawn its open offer to acquire 26% of the company's emerging voting share capital due to non-approval from the Reserve Bank of India.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10

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Brijlaxmi Leasing & Finance Ltd - 532113 - Announcement under Regulation 30 (LODR)-Open Offer - Updates

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BRIJLAXMI LEASING AND FINANCE LIMITED Reg. Office: 24, Suwernpuri Society, Chikuwadi, Jetalpur Road, Alkapuri, Vadodara-390007 CIN: L65993GJ1990PLC014183 Email Id: barodagroup99@gmail.com Ph: +91 - 265- 234 3556 Website: www.brijlaxmi.com Date: October 12, 2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400001 Scrip Code: 532113 | ISIN: INE957E01031 Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Withdrawal of Open offer. Ref:- Open offer by Jaykishor Chaitanyakishor Chaturvedi (“Acquirer 1”), Siddharth Jaykishor Chaturvedi (“Acquirer 2”), Ankur J Chaturvedi (“Acquirer 3”) and Brijlaxmi Infotech Limited (“Acquirer 4”) (Hereinafter Acquirer 1, Acquirer 2, Acquirer 3 and Acquirer 4 collectively referred to as “Acquirers”) to acquire 64,99,889 equity shares representing 26 % of the emerging voting share capital of Brijlaxmi Leasing and Finance 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 October 8, 2026, whereby RBI has not approved / not acceded the request for the proposed change in shareholding of the Target Company. The aforesaid application was made in connection with the proposed acquisition of the company by the Acquirers, 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 shareholding, the proposed open offer cannot be proceeded with. Accordingly, the Open Offer by the Acquirers to acquire 64,99,889 equity shares representing 26 % of the emerging voting share capital of Brijlaxmi Leasing and Finance 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 Brijlaxmi Leasing and Finance Limited Siddharth Chaturvedi Managing Director DIN: 01968300 Saffron Capital Advisors Private Limited 304, A Wing, 215 Atrium, M V Road, Chakala, Andheri East, Mumbai-400093 Tel.: +91-22-49730394 Email: info@saffronadvisor.com Website: www.saffronadvisor.com CIN No.: U67120MH2007PTC166711 Date: October 12, 2026 Listing Department, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001. BSE Scrip Code: 532113 Dear Sir/Madam, Subject: Open Offer by Jaykishor Chaitanyakishor Chaturvedi (“Acquirer 1”), Siddharth Jaykishor Chaturvedi (“Acquirer 2”), Ankur J Chaturvedi (“Acquirer 3”) and Brijlaxmi Infotech Limited (“Acquirer 4”) (Hereinafter Acquirer 1, Acquirer 2, Acquirer 3 and Acquirer 4 collectively referred to as “Acquirers”) to acquire upto 64,99,889 equity shares of Rs. 10/- each for cash at a price of ₹ 10.05/- (Rupees Ten Point Zero Five only) per equity share aggregating upto ₹ 6,53,23,884.45/- (Rupees Six Crore Fifty Three Lakh Twenty Three Thousand Eight Hundred Eighty Four Point Four Five only), to the Public Shareholders of Brijlaxmi Leasing and Finance Limited (“Target Company”) pursuant to and in Compliance with the Requirements of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEBI (SAST) Regulations”) (“Offer” Or “Open Offer”). This announcement is for the withdrawal of the Open Offer (“Withdrawal Announcement”) being issued by Saffron Capital Advisors Private Limited, the Manager to the Offer (“Manager”), for and on behalf of Jaykishor Chaitanyakishor Chaturvedi (“Acquirer 1”), Siddharth Jaykishor Chaturvedi (“Acquirer 2”), Ankur J Chaturvedi (“Acquirer 3”) and Brijlaxmi Infotech Limited (“Acquirer 4”) (Hereinafter Acquirer 1, Acquirer 2, Acquirer 3 and Acquirer 4 collectively referred to as “Acquirers”) in respect of the Open Offer to the Public Shareholders of Brijlaxmi Leasing and Finance Limited (“Target Company”) pursuant to and in compliance with Regulation 23(2)(a) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEBI (SAST) Regulations”) (“Offer” Or “Open Offer”). In this regard, pursuant to regulation 23(2)(a) of the SEBI (SAST) Regulations we are enclosing a copy of withdrawal Announcement dated October 10, 2026, published today i.e. on October 12, 2026, in the following newspapers, for your kind reference and record: Sr. No. Newspapers Language Editions 1 Financial Express English All Editions 2 Jansatta Hindi All Editions 3 Navshakti Marathi Mumbai Edition - Place of Stock Exchange at which shares of Target Company are listed 4 Ahmedabad Express Gujarati Baroda Edition - Place of Registered office of Target Company is situated We request you to kindly consider the attachments as good compliance and disseminate it on your website. In case of any clarification required, please contact the person as mentioned below: Contact Person Designation Contact Number E-mail Id Satej Darde Senior Manager satej@saffronadvisor.com +91-22-49730394 Sachin Prajapati Senior Manager sachin@saffronadvisor.com For Saffron Capital Advisors Private Limited Satej Darde Senior Manger Equity Capital Markets Encl: a/a Registered Office: 605, Sixth Floor, Centre Point, J B Nagar, Andheri East, Mumbai-400059/ SEBI Registration No: INM000011211 02 AA AH HH VM MAM DE EE OD DD DA AA AB BBA RAA ADDD • • E E XXPPRREESSSS marathi.freepressjournal.in H$ãOm gyMZm (ñWmda {‘iH$VrH$[aVm) {Z¶‘ 8-(1) Abakkus Investment Managers Private Limited Á¶mAWu, {ZåZñdmjarH$ma ¶m§Zr Am¶Am¶E’$Eb hmo‘ ’$m¶ZmÝg {b{‘Q>oS> (¶mAmYr B§{S>¶m BÝ’$mobmB©Z hmD$qgJ ’$m¶ZmÝg {b. 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Oa Notice to the Investors/Unit holders of Abakkus Liquid Fund {dH«$s qH$dm hñVm§VaUmgmR>r {ZYm©[aV VmaIonydu H$moU˶mhr doir Pmboë¶m gd© IM©, n[aì¶¶ Am{U AmH$ma ¶mgh ""Am¶Am¶E’$Eb EME’$Eb''Mr WH$~mH$s H$O©Xmam§Zr MwH$Vr Ho$br Va ""Am¶Am¶E’$Eb EME’$Eb''H$S>yZ VmaU ‘Îmm§Mr {dH«$s qH$dm hñVm§VaU Ho$bo OmUma Zmhr Am{U VmaU ‘Îmm§À¶m {dH«$s qH$dm hñVm§VaUmgmR>r ""Am¶Am¶E’$Eb EME’$Eb''H$Sy>Z nwT>rb nmdbo CMbbr OmUma ZmhrV. NOTICE is hereby given that Abakkus Trustee Private Limited, Trustee to Abakkus Mutual Fund (“the Fund”) has approved, the distribution of Income Distribution cum H$O©Xma/ VmaU ‘ÎmoMo dU©Z ( [Showing first 8,000 characters — download PDF for full document]