Saffron Capital Advisors Pvt. Ltd. ("Manager to the Open Offer") has submitted to BSE a copy of Corrigendum to the Public Announcement, The Detailed Public Statement and the Draft Letter ....

Open offer triggeredListed-company acquisitionStrategic Transactions View source PDF Explain this filing

Price

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Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹11.93

prior close

₹11.35

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.2%+1.0% vs market

Non Banking Financial Company (NBFC) peers, median of 205sector-2.8%+1.6% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.6 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+5.1

15m

+0.0

30m

+5.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2-2.2+1.0-2.8+1.6

Next day

-6.2-4.8-1.4-3.9-2.3

-10.8-3.8-7.0-2.9-7.9

-13.7-3.9-9.8-2.5-11.2

-17.9-6.5-11.5-4.2-13.7

-16.3-4.2-12.0-3.0-13.3

-17.8-4.6-13.1-4.6-13.2

15d

-14.7-8.2-6.5-9.1-5.5

-1.6-6.6+5.0-8.2+6.6

-0.3+9.4-9.7+0.9-1.2

-8.3+11.0-19.3-2.1-6.2

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 205Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Saffron Capital Advisors, the manager to the open offer, has submitted a corrigendum to the Public Announcement, Detailed Public Statement, and Draft Letter of Offer to BSE. The offer is by four acquirers — Jaykishor Chaturvedi, Siddharth Jaykishor Chaturvedi, Ankur J Chaturvedi, and Brijlaxmi Infotech Limited — to buy up to 64,99,889 equity shares (face value ₹10) of Brijlaxmi Leasing & Finance at ₹10.05 per share, aggregating about ₹6.53 crore. The corrigendum was published on February 27, 2026 in Financial Express, Jansatta, Navshakti, and Ahmedabad Express. The open offer is being made under SEBI's Takeover Regulations (SAST), 2011.

Likely market impact

The offer price of ₹10.05 is barely above the face value of ₹10, offering virtually no premium to public shareholders. This appears to be a mandatory SEBI-triggered open offer rather than a value-accretive buyout, so existing shareholders are unlikely to see a meaningful price benefit. Total deal value is small at around ₹6.5 crore.