Brijlaxmi Leasing & Finance Ltd — Important, 01-01-1970: Company Update

Brijlaxmi Leasing and Finance Limited is subject to an open offer by its promoter group to acquire up to 48.75 lakh equity shares, representing 100% of the existing public shareholding. The offer price is ₹10.05 per share, totaling approximately ₹4.90 Cr. This offer was triggered after the board authorized a preferential allotment of 1.60 Cr shares to the acquirers against converted loans, increasing their stake to 67.24% of the emerging voting capital. The board also approved issuing 25 lakh shares for cash to certain public investors. No change in management is anticipated as the acquirers are already part of the promoter group.