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Brijlaxmi Leasing & Finance Ltd has withdrawn its open offer to acquire 26% of the company's emerging voting share capital due to non-approval from the Reserve Bank of India.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