Brilliant Portfolios Limited has announced a substantial acquisition of equity shares by its promoters Akshat Jain and Avni Jain, as disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was completed on March 25, 2026, through off-market purchases.

Acquisition Details

The promoters acquired a total of 147,200 equity shares, with each promoter purchasing an equal number of shares:

Shareholding Pattern Before and After Acquisition

Prior to this transaction, neither Akshat Jain nor Avni Jain held any shares directly in the company. However, persons acting in concert (PACs) with the acquirers held 1,464,840 shares representing 47.23% of the voting capital.

Company Profile and Listing Details

Brilliant Portfolios Limited has an equity share capital of 31,01,800 shares of Rs. 10 each, all fully paid up. The company's shares are listed on the Bombay Stock Exchange Limited. The persons acting in concert include Ravi Jain, R.N. Arora, A.K Jain, Paritosh Jain, Meenu Jain, Sangeeta Jain, Sarita Jain, and Subhash Chander Mittal.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisitions of shares and takeovers. The acquisition was executed through off-market transactions, and the promoters have fulfilled their regulatory obligations by filing the necessary disclosures with the stock exchange and the company's compliance officer.

The transaction strengthens the promoter group's control over the company, with their combined holding now exceeding the majority threshold at 51.97% of the total voting capital.

Brilliant Portfolios Limited announced its unaudited financial results for the quarter ended December 31, 2025, showing mixed performance compared to the previous year. The non-banking financial company reported a decline in quarterly profitability while maintaining stability in its nine-month performance.

Financial Performance Overview

The company's financial metrics for Q3FY26 reflected some challenges compared to the same period last year:

Revenue Analysis

Revenue from operations, primarily consisting of interest income, decreased to ₹70.19 lakhs in Q3FY26 from ₹74.36 lakhs in Q3FY25. Interest income, the company's main revenue source, declined to ₹70.19 lakhs compared to ₹74.36 lakhs in the corresponding quarter of the previous year. Other income components remained minimal, with total other income at ₹0.29 lakhs versus ₹0.69 lakhs in Q3FY25.

Nine-Month Performance

For the nine-month period ended December 31, 2025, Brilliant Portfolios demonstrated more stable performance:

Expense Management

The company managed to reduce its total expenses to ₹54.67 lakhs in Q3FY26 from ₹58.86 lakhs in Q3FY25. Key expense categories included finance costs of ₹35.37 lakhs, other expenses of ₹14.63 lakhs, and employee benefit expenses of ₹2.66 lakhs. For the nine-month period, total expenses decreased to ₹167.18 lakhs from ₹180.67 lakhs in the previous year.

Board Approval and Compliance

The Board of Directors approved these unaudited financial results at their meeting held on February 13, 2026, which commenced at 11:15 a.m. and concluded at 12:00 p.m. The results have been reviewed by the Audit Committee and the Statutory Auditors. The company maintains its paid-up equity share capital at ₹310.18 lakhs with a face value of ₹10 per share. As per regulatory requirements, the company will publish extracts of these results in English and vernacular newspapers.