Tirupati Agrotech Private Limited has announced a mandatory open offer to acquire an additional 26% stake in Jindal Leasefin Limited . The offer involves the purchase of 7,82,314 fully paid-up equity shares at a price of ₹ 18 per share, aggregating to a total consideration of ₹ 1,40,81,652. This move follows a Share Purchase Agreement (SPA) executed on April 20, 2026, between the acquirer and the existing promoters of the target company.
Details of the Acquisition
The open offer is triggered pursuant to Regulation 3(1) and Regulation 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this open offer, Tirupati Agrotech agreed to acquire 21,99,755 equity shares, representing 73.11% of the paid-up and voting equity share capital, from promoter sellers. The acquisition of these shares, along with the open offer, is intended to give the acquirer control over the NBFC.
Parameter Details Acquirer M/s. Tirupati Agrotech Private Limited Target Company Jindal Leasefin Limited Offer Size 7,82,314 Equity Shares (26% of Voting Capital) Offer Price ₹ 18 per Equity Share Total Consideration ₹ 1,40,81,652 Payment Mode Cash
Offer Schedule and Conditions
The tendering period for the open offer is scheduled to commence on June 12, 2026, and conclude on June 25, 2026. The offer is not conditional upon any minimum level of acceptance. However, the completion of the transaction is subject to prior approval from the Reserve Bank of India (RBI), as Jindal Leasefin Limited is a registered Non-Banking Financial Company (NBFC). If the RBI approval is not granted or is refused, the offer may be withdrawn in accordance with SEBI regulations.
Rarever Financial Advisors Private Limited is acting as the Manager to the Offer, while Beetal Financial & Computer Services Limited has been appointed as the Registrar to the Offer. Wealthstreet Financial Services Private Limited is the designated broker for the acquisition process. The equity shares of Jindal Leasefin Limited are listed on BSE Limited under the code 539947.
Jindal leasefin Limited has submitted its quarterly compliance certificate to BSE Limited for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.
Regulatory Compliance Submission
The certificate was submitted on April 14, 2026, pursuant to Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Rajendra Prasad Rustagi signed the submission letter to BSE Limited, requesting the exchange to take the certificate on record.
Parameter: Details Quarter Ended: March 31, 2026 Submission Date: April 14, 2026 Regulation: SEBI Regulation 74(5) Signatory: Rajendra Prasad Rustagi Designation: Company Secretary & Compliance Officer
Registrar Confirmation Certificate
Beetal Financial & Computer Services (P) Ltd., serving as the company's SEBI-approved registrar and share transfer agent, issued the confirmation certificate dated April 3, 2026. The registrar holds SEBI registration number INR 000000262 and operates as a category I registrar and share transfer agent.
General Manager Punit Mittal signed the certificate on behalf of Beetal Financial & Computer Services, confirming compliance with dematerialization procedures during the quarter ended March 2026.
Compliance Confirmations
The registrar's certificate provides several key confirmations regarding the handling of securities during the quarter:
Securities received from depository participants for dematerialization were properly confirmed to the depositories
All securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
Security certificates received for dematerialization were mutilated and cancelled after due verification by the depository participant
Names of depositories were substituted in the register of members as registered owners within the mandatory 15-day period
Corporate Information
Detail: Information Company Name: Jindal Leasefin Limited Registered Office: 110, Babar Road, New Delhi - 110 001 CIN: L74899DL1994PLC059252 Registrar: Beetal Financial & Computer Services (P) Ltd. SEBI Reg No.: INR 000000262
The submission reflects the company's ongoing commitment to regulatory compliance and transparent corporate governance practices as mandated by SEBI regulations for listed entities.
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