Brijlaxmi leasing & finance Limited has addressed recent significant price movement in its securities through a regulatory filing to BSE on 4 April, 2026. The company issued a clarification under Regulation 30 of SEBI (LODR) Regulations, 2018, responding to exchange queries about the price volatility.

Company's Position on Price Movement

The company has categorically stated that there is no undisclosed material information, event, or announcement that could have influenced the recent price movement of its securities. Managing Director & CFO Siddharth Chaturvedi signed the disclosure, emphasizing the company's compliance with all regulatory requirements.

Market-Driven Factors Cited

Brijlaxmi Leasing & Finance attributed the price movement to purely market-driven factors and general market conditions. The company clarified that the volatility appears to be influenced by broader market dynamics rather than any company-specific developments or undisclosed information.

Regulatory Compliance Assurance

The company has reaffirmed its commitment to maintaining transparency and regulatory compliance. Key assurances provided include:

• Prompt disclosure of all material information and events to stock exchanges
• Adherence to all applicable SEBI regulations
• Continued compliance with disclosure requirements
• Commitment to inform exchanges of any material developments as they arise

The filing demonstrates the company's proactive approach to addressing market queries and maintaining investor confidence through transparent communication with regulatory authorities.

Brijlaxmi Leasing & Finance Limited has received revised final comments from the Securities and Exchange Board of India (SEBI) on the Draft Letter of Offer for a proposed open offer. The regulatory milestone, achieved on March 23, 2026, marks a significant step forward in the acquisition process initiated by four acquirers.

Open Offer Details

The open offer involves four acquirers working collectively to acquire equity shares in the target company. The key parameters of the offer are structured as follows:

Acquirer Information

The acquisition is being undertaken by a consortium of four entities:

• Acquirer 1: Jaykishor Chaitanyakishor Chaturvedi
• Acquirer 2: Siddharth Jaykishor Chaturvedi
• Acquirer 3: Ankur J Chaturvedi
• Acquirer 4: Brijlaxmi Infotech Limited

The open offer is being conducted in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.

Regulatory Timeline and Next Steps

The Draft Letter of Offer was initially submitted to SEBI on December 19, 2025, in accordance with Regulation 16(1) of the SEBI (SAST) Regulations. SEBI's revised final comments, provided through its observation letter dated March 23, 2026, will be incorporated into the Letter of Offer to be sent to eligible shareholders.

Pending Approvals

The process now awaits approval from the Reserve Bank of India (RBI) before proceeding to the next phase. Once RBI approval is received, the Letter of Offer will be dispatched to eligible shareholders within seven working days. The tendering period for the open offer will commence not later than 12 working days from the date of RBI approval receipt.

Payment to successful public shareholders who tender their equity shares will be made within 10 working days from the last date of the tendering period. Any delays in payment will attract interest at 10% per annum. The communication was filed by Saffron Capital Advisors Private Limited, acting as the intermediary for the transaction.