Brijlaxmi Leasing and Finance Open Offer Size Revised to 64.99 Lakh Shares

2 min read     Updated on 27 Feb 2026, 08:38 PM
scanx
Reviewed by
Jubin VScanX News Team
Overview

Brijlaxmi Leasing and Finance Limited has revised its open offer size upward to 64,99,889 shares from the earlier 48,74,650 shares, maintaining the offer price at ₹10.05 per share. The total consideration now amounts to ₹6,53,23,884.45, representing 26% of emerging voting share capital. The corrigendum was published on February 27, 2026, across multiple newspapers in compliance with SEBI regulations.

33750505

*this image is generated using AI for illustrative purposes only.

Brijlaxmi leasing & finance has announced a significant revision to its ongoing open offer through a corrigendum published on February 27, 2026. The company has increased the offer size substantially, providing shareholders with enhanced participation opportunities in the acquisition process.

Revised Offer Parameters

The open offer has undergone major modifications in terms of size and total consideration. The acquirers - Jaykishor Chaitanyakishor Chaturvedi, Siddharth Jaykishor Chaturvedi, Ankur J Chaturvedi, and Brijlaxmi Infotech Limited - have revised their acquisition plans significantly.

Parameter Original Offer Revised Offer
Offer Size 48,74,650 shares 64,99,889 shares
Face Value ₹10.00 per share ₹10.00 per share
Offer Price ₹10.05 per share ₹10.05 per share
Total Consideration Not specified ₹6,53,23,884.45
Voting Share Capital 26% 26%

Regulatory Compliance and Publication

The corrigendum was published in compliance with SEBI (SAST) Regulations, 2011, across multiple newspapers to ensure wide dissemination. Saffron Capital Advisors Private Limited, serving as the Manager to the Offer, coordinated the publication process.

Publication Details Information
Publication Date February 27, 2026
Corrigendum Date February 26, 2026
English Newspaper Financial Express (All Editions)
Hindi Newspaper Jansatta (All Editions)
Marathi Newspaper Navshakti (Mumbai Edition)
Gujarati Newspaper Ahmedabad Express (Baroda Edition)

Key Stakeholders and Contact Information

The open offer involves multiple parties working in coordination to ensure smooth execution. Saffron Capital Advisors Private Limited continues as the Manager to the Offer, while Cameo Corporate Services Limited serves as the Registrar.

Manager Contact Details:

Offer Structure and Timeline

The revised offer represents 26% of the emerging voting share capital of the Target Company on a fully diluted basis, calculated as of the 10th working day from the closure of the tendering period. The increase in offer size from 48.74 lakh shares to 64.99 lakh shares demonstrates the acquirers' enhanced commitment to the acquisition.

The corrigendum clarifies that all other terms and conditions of the open offer remain unchanged except for the specific revisions mentioned. Shareholders can access the complete documentation on SEBI's website at www.sebi.gov.in and the Manager's website at www.saffronadvisors.com for detailed information about the acquisition process.

Historical Stock Returns for Brijlaxmi Leasing & Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+3.56%-3.40%-6.80%+22.36%+26.65%+627.44%
Brijlaxmi Leasing & Finance
View Company Insights
View All News
like19
dislike

Brijlaxmi Leasing and Finance Announces Key Managerial Personnel Changes in Company Secretary Position

1 min read     Updated on 16 Feb 2026, 09:00 PM
scanx
Reviewed by
Radhika SScanX News Team
Overview

Brijlaxmi Leasing and Finance Limited announced key managerial changes with Ms. Anchal Patwari resigning as Company Secretary and Ms. Hiral Patel being appointed to the same position, both effective February 14, 2026. The changes were approved by the Board of Directors and disclosed under SEBI regulations, ensuring continuity in secretarial and compliance functions.

32801454

*this image is generated using AI for illustrative purposes only.

Brijlaxmi Leasing & Finance Limited has announced key changes in its managerial personnel, with the resignation of its Company Secretary and the appointment of a replacement on the same day. The Board of Directors approved these changes at their meeting held on February 14, 2026, ensuring continuity in the company's secretarial and compliance functions.

Key Personnel Changes

The company disclosed two significant personnel changes under Regulation 30 of the SEBI Listing Regulations:

Change Type: Details
Resignation: Ms. Anchal Patwari (Membership Number: A68450)
Effective Date: Close of February 14, 2026
Reason: Career improvement and growth opportunities
Appointment: Ms. Hiral Patel (Membership Number: A75088)
Effective Date: February 14, 2026

Outgoing Company Secretary Profile

Ms. Anchal Patwari, who served as Company Secretary and Compliance Officer, submitted her resignation to pursue career advancement opportunities. In her resignation letter, she expressed gratitude to the management for the opportunity to serve the company and described her tenure as a valuable experience. Her resignation became effective from the close of business hours on February 14, 2026.

New Appointment Details

Ms. Hiral Patel has been appointed as the new Company Secretary and Compliance Officer with immediate effect from February 14, 2026. Her professional qualifications and experience include:

  • Associate Member of the Institute of Company Secretaries of India (ICSI)
  • Commerce Graduate
  • Experience in Corporate Secretarial and Compliance functions
  • ICSI Membership Number: A75088

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The announcement was signed by Managing Director and CFO Siddharth Chaturvedi, confirming the board's approval of both the resignation and appointment.

Company Information

Brijlaxmi Leasing and Finance Limited, incorporated under CIN L65993GJ1990PLC014183, operates from its registered office in Vadodara, Gujarat. The company is listed on BSE with scrip code 532113 and symbol BRIJLEAS. These personnel changes ensure continued compliance with statutory requirements while maintaining operational continuity in the company's secretarial functions.

Historical Stock Returns for Brijlaxmi Leasing & Finance

1 Day5 Days1 Month6 Months1 Year5 Years
+3.56%-3.40%-6.80%+22.36%+26.65%+627.44%
Brijlaxmi Leasing & Finance
View Company Insights
View All News
like20
dislike

More News on Brijlaxmi Leasing & Finance

1 Year Returns:+26.65%