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Latest filing: 2026-10-12 18:08
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4 announcements match the current filters (relevance ≥ 5).
RBI Rejects Shareholding Change; ₹6.53 Cr Open Offer for 26% Stake Withdrawn
Brijlaxmi Leasing and Finance announced that the Reserve Bank of India (RBI) rejected the proposed change in shareholding via a communication dated October 8, 2026. Consequently, the open offer by Jaykishor Chaturvedi and other acquirers to buy up to 64,99,889 equity shares (26% voting share capital) has been withdrawn under Regulation 23 of SEBI SAST Regulations. The offer had been priced at ₹10.05 per share, aggregating to approximately ₹6.53 crore. With the takeover bid blocked by the central bank, the planned ownership transition cannot proceed.
Confidence: HIGH
What changedThe proposed acquisition and 26% open offer by Jaykishor Chaturvedi and co-acquirers have been aborted following RBI disapproval.
Why it mattersThe change of control and capital infusion are blocked, removing an exit option at ₹10.05 per share for retail investors (above the current price of ₹8.4).
Offer shares: 64,99,889Offer stake (%): 26%Offer price per share: ₹ 10.05Aggregate offer value: ₹ 6,53,23,884.45Offer value vs Market cap: ~131%
📅 Short termNegative sentiment as the open offer exit opportunity at ₹10.05 is dismantled and regulatory resistance from RBI is confirmed.
📈 Long termThe company's NBFC license and growth plans remain constrained without RBI-approved capital or ownership backing, limiting turnaround visibility.
⚠ Risk flags
- Regulatory rejection from RBI on change in control
- Potential overhang of promoter stagnation
- Microcap illiquidity
Key Highlights
RBI declined approval for proposed shareholding change via communication dated October 8, 2026
Open offer to acquire up to 64,99,889 shares (26% voting capital) stands withdrawn under SEBI SAST Regulation 23
Withdrawn offer was valued at ₹10.05 per share, totaling ₹6,53,23,884.45
Offer value of ₹6.53 Cr represents ~131% of the company's current market cap of ₹5 Cr
👀 What to Watch
Watch for any management statement on legal or appellate remedies against the RBI order, as well as the status of the current promoter group's 24.58% holding.
Acquirers Withdraw ₹6.53 Cr Open Offer for 64.99 Lakh Shares of Brijlaxmi Leasing
Saffron Capital Advisors, on behalf of the acquirers (Jaykishor Chaitanyakishor Chaturvedi, Siddharth Jaykishor Chaturvedi, Ankur J Chaturvedi, and Brijlaxmi Infotech Limited), has issued a withdrawal announcement for the open offer to public shareholders of Brijlaxmi Leasing & Finance Ltd. The offer was originally made to acquire up to 64,99,889 equity shares at ₹10.05 per share, totaling up to ₹6,53,23,884.45. The withdrawal is executed under Regulation 23(2)(a) of SEBI (SAST) Regulations, 2011, with the notice published in newspapers on October 12, 2026. This terminates the planned takeover transaction which had an aggregate value exceeding the company's current market cap of ₹5 Cr.
Confidence: HIGH
What changedThe proposed open offer by the Chaturvedi group and Brijlaxmi Infotech to acquire up to 64.99 lakh shares has been formally withdrawn.
Why it mattersThe ₹6.53 Cr open offer at ₹10.05 per share offered an exit premium over the prevailing market price of ₹8.40; its termination eliminates that liquidity option and leaves control unchanged.
Shares in withdrawn offer: 64,99,889Withdrawn offer price: ₹ 10.05/-Aggregate offer value: ₹ 6,53,23,884.45/-Offer value vs Market cap: ~131%
📅 Short termShare price may face downward pressure towards the ₹8.40 baseline as the near-term exit opportunity at ₹10.05 is cancelled.
📈 Long termLimited operational impact as the underlying micro-cap NBFC business continues independently, but ongoing ownership transitions or capital infusion plans are now stalled.
⚠ Risk flags
- Cancellation of open offer liquidity event for public shareholders
- Uncertainty around the acquirers' future intentions and strategic direction
Key Highlights
Open offer to acquire up to 64,99,889 equity shares of Rs. 10 each has been withdrawn
Withdrawn offer price stood at ₹10.05 per equity share
Total value of the withdrawn offer was ₹6,53,23,884.45 (approx. ₹6.53 Cr)
Withdrawal executed pursuant to Regulation 23(2)(a) of SEBI (SAST) Regulations, 2011
👀 What to Watch
Track subsequent company filings or regulatory releases regarding the specific grounds for open offer withdrawal under Regulation 23(2)(a) and whether any revised ownership restructuring will take place.
Brijlaxmi Leasing Q1 PAT at ‡15.39 Lakhs; Auditor flags TDS non-compliance
Brijlaxmi Leasing & Finance reported a 45.8% YoY increase in revenue from operations to ‡82.40 Lakhs for the quarter ended June 30, 2026. However, Net Profit declined by 17.7% YoY to ‡15.39 Lakhs, impacted by a sharp rise in professional and legal expenses. The auditor has issued an 'Emphasis of Matter' regarding non-compliance with TDS provisions and the non-recognition of interest income from certain borrowers facing financial difficulties. The company remains a micro-cap entity with a market capitalization of just ‡6 Cr.
Confidence: HIGH
What changedThe company reported its Q1 FY27 results showing revenue growth but lower profitability, accompanied by specific auditor concerns regarding tax compliance and asset quality.
Why it mattersFor a micro-cap NBFC, regulatory compliance and the health of the loan book are critical; the non-recognition of interest income suggests potential underlying asset quality issues.
Revenue from Operations (Q1): ‡82.40 LakhsNet Profit (Q1): ‡15.39 LakhsProfessional & Legal Fees: ‡17.70 LakhsEPS (Basic): ‡0.24Revenue vs TTM Revenue: 27.5%
📅 Short termThe stock may face pressure due to the decline in net profit and the auditor's emphasis on tax non-compliance and stressed loans.
📈 Long termLimited structural significance unless the company can scale its operations significantly beyond its current ‡3 Cr annual revenue base and clean up its compliance record.
⚠ Risk flags
- TDS non-compliance under Income-tax Act
- Non-recognition of interest income on distressed loans
- High legal and professional expenses relative to revenue size
- Micro-cap liquidity risk
Key Highlights
Revenue from operations increased to ‡82.40 Lakhs in Q1 FY27 from ‡56.49 Lakhs in Q1 FY26.
Net Profit fell to ‡15.39 Lakhs compared to ‡18.71 Lakhs in the same period last year.
Professional and Legal fees surged to ‡17.70 Lakhs, representing 21.5% of the quarterly revenue.
Employee benefit expenses rose 78% YoY to ‡17.67 Lakhs from ‡9.93 Lakhs.
Auditor flagged non-compliance with TDS deduction and deposit rules under the Income-tax Act, 2025.
👀 What to Watch
Investors should monitor the company's ability to resolve the TDS non-compliance and track the recovery of loans where interest income is currently not being recognized due to borrower distress.
Rs 15.39 Lakh Q1 Profit for Brijlaxmi Leasing; Auditor Flags TDS Non-Compliance
Brijlaxmi Leasing & Finance reported a 45.8% YoY increase in revenue from operations to Rs 82.40 Lakhs for Q1 FY27. However, net profit declined by 17.7% YoY to Rs 15.39 Lakhs, impacted by a sharp rise in professional fees and employee costs. The statutory auditor issued an 'Emphasis of Matter' regarding non-compliance with TDS regulations and the non-recognition of interest income from borrowers facing financial difficulties. Management maintains that these loans are fully recoverable despite the current non-accrual of interest.
Confidence: HIGH
What changedThe company released its Q1 FY27 financial results, showing improved top-line growth but lower profitability and specific regulatory compliance warnings from the auditor.
Why it mattersFor a micro-cap NBFC with a Rs 6 Cr market cap, auditor flags regarding tax compliance and asset quality (non-accrual of interest) are significant governance and financial risks.
Revenue (Q1 FY27): Rs 82.40 LakhsNet Profit (Q1 FY27): Rs 15.39 LakhsRevenue vs TTM Revenue: ~27%Professional Fees (Q1 FY27): Rs 17.70 LakhsEPS (Q1 FY27): Rs 0.24
📅 Short termThe stock may face pressure due to the auditor's emphasis on tax non-compliance and the decline in net profit despite higher revenue.
📈 Long termThe long-term outlook depends on the company's ability to resolve regulatory issues and successfully recover principal and interest from distressed borrowers.
⚠ Risk flags
- Auditor emphasis on TDS non-compliance
- Non-recognition of interest income on distressed loans
- Significant increase in professional and legal expenses
Key Highlights
Revenue from operations increased to Rs 82.40 Lakhs from Rs 56.49 Lakhs in the year-ago quarter.
Net profit fell to Rs 15.39 Lakhs compared to Rs 18.71 Lakhs in Q1 FY26.
Professional and legal fees surged to Rs 17.70 Lakhs from just Rs 0.70 Lakhs YoY.
Employee benefit expenses rose 78% YoY to Rs 17.67 Lakhs.
Auditor flagged non-compliance with TDS deduction, deposit, and reporting provisions.
👀 What to Watch
Investors should monitor the company's progress in reconciling TDS liabilities and the eventual recovery of loans where interest is currently not being recognized.
