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

Brijlaxmi Leasing and Finance (BLFL) faces an open offer from its promoters and promoter group to acquire up to 48.75 lakh public shares at ₹10.05 per share, totaling ₹4.90 Cr. This follows a preferential allotment where acquirers convert unsecured loans into 1.60 Cr new shares, boosting their stake to 67.24% of the expanded capital. The RBI-registered NBFC needs regulatory approval for this. Independent directors will advise shareholders. The goal is to increase voting rights; no major business changes or delisting are planned. The tendering period is upcoming.