Brijlaxmi Leasing Open Offer: Detailed Public Statement Filed for ₹4.90 Crore Acquisition

Brijlaxmi Leasing & Finance has received a detailed public statement from four acquirers launching a mandatory open offer to acquire up to 48,74,650 equity shares at ₹10.05 per share, representing 100% of the existing public shareholding.

Open Offer Structure

The comprehensive offer details were filed with BSE on December 12, 2025, through manager Saffron Capital Advisors Private Limited:

Parameter:	Details
Total Shares Offered:	48,74,650 equity shares
Offer Price:	₹10.05 per share
Total Consideration:	₹4.90 crore
Target Shareholding:	100% of public holding
Face Value:	₹10 per share

Acquirer Details and Holdings

The four acquirers and their current shareholdings in the target company are:

Acquirer:	Current Holding	Percentage
Jaykishor Chaitanyakishor Chaturvedi:	5,04,084 shares	7.80%
Siddharth Jaykishor Chaturvedi:	1,26,405 shares	1.96%
Ankur J Chaturvedi:	1,43,361 shares	2.22%
Brijlaxmi Infotech Limited:	Nil shares	0.00%

Preferential Issue Trigger

The open offer was triggered by a board-approved preferential allotment of 1,60,36,072 equity shares for loan conversion:

Acquirer:	Preferential Shares	Post-Issue Stake
Jaykishor Chaturvedi:	78,00,605 shares	Combined 67.24%
Siddharth Chaturvedi:	11,80,016 shares	of emerging
Ankur Chaturvedi:	12,88,844 shares	voting capital
Brijlaxmi Infotech:	57,66,607 shares

Financial Arrangements

The acquirers have established robust financial backing for the offer:

Component:	Amount (₹ Crore)
Escrow Cash Deposit:	1.25
Jaykishor's Liquid Assets:	6.65
Siddharth's Liquid Assets:	3.07
Ankur's Liquid Assets:	1.45

Offer Terms and Conditions

Key aspects of the mandatory open offer include:

Unconditional Offer: Not dependent on minimum acceptance levels
Cash Payment: Full consideration payable in cash within 10 working days
Proportionate Acceptance: If oversubscribed, shares accepted on pro-rata basis
Regulatory Compliance: Subject to RBI approval as required statutory clearance

Company Background

Brijlaxmi Leasing and Finance Limited operates as a Non-Banking Financial Company (NBFC) registered with RBI. The company is listed on BSE (Scrip Code: 532113) with current paid-up capital of ₹6.46 crore comprising 64,63,500 equity shares.

Timeline and Process

The detailed public statement outlines key dates for the offer process, with the Letter of Offer expected to be dispatched by January 21, 2026, and the tendering period to follow. The offer will be implemented through BSE's acquisition window mechanism.

Public shareholders can participate in the offer regardless of whether they receive the Letter of Offer, with both physical and dematerialized shares eligible for tendering during the specified period.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.59%	+1.46%	+73.64%	+40.57%	+66.63%	+582.14%

Brijlaxmi Leasing & Finance , a non-banking financial company, has reported a significant turnaround in its financial performance for the first quarter. The company's unaudited financial results, approved by its Board of Directors on August 13, reveal a marked improvement in profitability and operational efficiency.

Financial Highlights

Particulars (in Rs. Lakh)	Q1 Current	Q1 Previous	% Change
Total Revenue	56.49	49.53	14.05%
Interest Income	56.34	48.70	15.69%
Total Expenses	32.50	112.32	-71.06%
Net Profit/(Loss)	18.71	(62.81)	129.79%
EPS (in Rs.)	0.29	(0.97)	129.90%

Brijlaxmi Leasing & Finance reported a net profit of Rs. 18.71 lakh for the quarter, marking a substantial improvement from the loss of Rs. 62.81 lakh in the corresponding quarter of the previous year. This represents a remarkable turnaround of 129.79% in the company's bottom line.

Revenue Growth

The company's total revenue from operations increased to Rs. 56.49 lakh, up from Rs. 49.53 lakh in the same quarter last year, reflecting a growth of 14.05%. The primary driver of this growth was the rise in interest income, which increased to Rs. 56.34 lakh from Rs. 48.70 lakh, showing a year-on-year growth of 15.69%.

Operational Efficiency

A significant factor contributing to the profit turnaround was the substantial reduction in total expenses. The company managed to decrease its expenses by 71.06%, from Rs. 112.32 lakh to Rs. 32.50 lakh. This dramatic reduction in expenses played a crucial role in improving the company's profitability.

Improved Earnings Per Share

The earnings per share (EPS) stood at Rs. 0.29, a notable improvement from the negative Rs. 0.97 reported in the same quarter of the previous year. This positive EPS reflects the company's enhanced profitability and potential value creation for shareholders.

Auditor's Observations

The limited review report by the company's statutory auditors, M/s. DBS & Associates, highlighted two areas of concern:

Non-compliance with TDS provisions under the Income Tax Act.
Non-provision of interest income on loans to certain parties due to their financial constraints, although management considers these loans fully recoverable.

Management's Perspective

Despite the auditor's observations, the management of Brijlaxmi Leasing & Finance maintains that the loans on which interest income has not been provided are fully recoverable. The company attributes the non-payment of interest by some parties to their current financial difficulties.

The significant improvement in financial performance, particularly the shift from loss to profit, suggests that Brijlaxmi Leasing & Finance may be on a path to financial recovery. However, investors and stakeholders should consider the auditor's observations while assessing the company's overall financial health and future prospects.