Tirupati Agrotech Private Limited has announced a mandatory open offer to acquire an additional 26% stake in Jindal Leasefin Limited . The offer involves the purchase of 7,82,314 fully paid-up equity shares at a price of ₹ 18 per share, aggregating to a total consideration of ₹ 1,40,81,652. This move follows a Share Purchase Agreement (SPA) executed on April 20, 2026, between the acquirer and the existing promoters of the target company.

Details of the Acquisition

The open offer is triggered pursuant to Regulation 3(1) and Regulation 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this open offer, Tirupati Agrotech agreed to acquire 21,99,755 equity shares, representing 73.11% of the paid-up and voting equity share capital, from promoter sellers. The acquisition of these shares, along with the open offer, is intended to give the acquirer control over the NBFC.

Offer Schedule and Conditions

The tendering period for the open offer is scheduled to commence on June 12, 2026, and conclude on June 25, 2026. The offer is not conditional upon any minimum level of acceptance. However, the completion of the transaction is subject to prior approval from the Reserve Bank of India (RBI), as Jindal Leasefin Limited is a registered Non-Banking Financial Company (NBFC). If the RBI approval is not granted or is refused, the offer may be withdrawn in accordance with SEBI regulations.

Rarever Financial Advisors Private Limited is acting as the Manager to the Offer, while Beetal Financial & Computer Services Limited has been appointed as the Registrar to the Offer. Wealthstreet Financial Services Private Limited is the designated broker for the acquisition process. The equity shares of Jindal Leasefin Limited are listed on BSE Limited under the code 539947.

Jindal leasefin Limited has submitted its quarterly compliance certificate to BSE Limited for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Submission

The certificate was submitted on April 14, 2026, pursuant to Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Rajendra Prasad Rustagi signed the submission letter to BSE Limited, requesting the exchange to take the certificate on record.

Registrar Confirmation Certificate

Beetal Financial & Computer Services (P) Ltd., serving as the company's SEBI-approved registrar and share transfer agent, issued the confirmation certificate dated April 3, 2026. The registrar holds SEBI registration number INR 000000262 and operates as a category I registrar and share transfer agent.

General Manager Punit Mittal signed the certificate on behalf of Beetal Financial & Computer Services, confirming compliance with dematerialization procedures during the quarter ended March 2026.

Compliance Confirmations

The registrar's certificate provides several key confirmations regarding the handling of securities during the quarter:

• Securities received from depository participants for dematerialization were properly confirmed to the depositories
• All securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification by the depository participant
• Names of depositories were substituted in the register of members as registered owners within the mandatory 15-day period

Corporate Information

The submission reflects the company's ongoing commitment to regulatory compliance and transparent corporate governance practices as mandated by SEBI regulations for listed entities.