We would like to inform you that the Draft Letter of Offer submitted to BSE on 19.12.2025. Subsequently, SEBI has issued an observation letter dated 23.03.2026, providing final comment ....
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Brijlaxmi Leasing & Finance Ltd has informed the stock exchange about progress on its ongoing Open Offer. The Draft Letter of Offer (DLOF) was submitted to SEBI on December 19, 2025, and SEBI has now issued its observation letter dated March 23, 2026 with final comments. These comments will be incorporated into the final Letter of Offer, which will then be sent to eligible shareholders of the company. The process is still awaiting approval from the Reserve Bank of India (RBI) before the company proceeds with further compliance steps.
For shareholders, this is a procedural update moving the open offer closer to launch. Once RBI approval comes through and the Letter of Offer is dispatched, eligible shareholders will be able to tender their shares at the offer price. The stock may see some activity as the offer timeline becomes clearer.