Jindal Leasefin Open Offer Withdrawn After RBI Rejection

Jindal Leasefin Limited has submitted a regulatory disclosure to BSE Limited regarding the withdrawal of an open offer by M/s. Tirupati Agrotech Private Limited.

The company received a communication from the Reserve Bank of India (RBI) dated 22nd September 2026, in which RBI did not approve or accede to the request for the proposed change in management of the company.

This application was made in connection with the proposed acquisition of control of Jindal Leasefin Limited by M/s. Tirupati Agrotech Private Limited (Acquirer), which had triggered an Open Offer to public shareholders under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations, 2011).

Due to the RBI's non-approval of the proposed change in management, the acquisition of control cannot proceed. Consequently, the Open Offer by M/s. Tirupati Agrotech Private Limited to acquire 7,82,314 equity shares representing 26% of the total paid-up equity shares of Jindal Leasefin Limited stands withdrawn in accordance with Regulation 23 of the SEBI SAST Regulations, 2011.

The disclosure is signed by Surender Kumar Jindal, Managing Director (DIN: 00130589), on behalf of Jindal Leasefin Limited.