Saffron Capital Advisors Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Public Announcement under Regulations 3(1) read with Regulations 13,14 and 15(1) of Securities ....
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Brijlaxmi Leasing and Finance Limited has announced an Open Offer for up to 48,74,650 equity shares (100% of existing public shareholding) at Rs 10.05 per share, totaling approximately Rs 4.9 crore. The offer was triggered by the board's approval on December 5, 2025, of a preferential allotment of 1,60,36,072 shares (64.15% of emerging voting capital) to four existing promoters/promoter group entities against conversion of unsecured loans, plus an additional 25 lakh shares for cash. Post-allotment, the promoter group's combined holding will rise from 11.98% to 67.24% of the emerging voting share capital. Saffron Capital Advisors is managing the offer, and an EGM is scheduled for January 2, 2026 for shareholder approval. RBI approval is required as the company is an NBFC, and the acquirers have no intention to delist.
Existing public shareholders can tender their shares at Rs 10.05 each, but the offer is limited to the existing public base of about 48.74 lakh shares, meaning even full acceptance will leave the promoter group at around 67%. With no change in management control and no delisting planned, the stock is unlikely to see a major re-rating, though it may trade closer to the offer price in the short term.