Independent Directors' recommendations on 26.00% open offer published in newspapers
J.A. Finance Ltd informed BSE that its Committee of Independent Directors' recommendations dated October 13, 2026 were published on October 14, 2026 for the open offer of up to 27,68,671 equity shares of Rs. 10/- each.
By ScoutQuest · · 2 min read
- Open Offer Size
- up to 27,68,671 equity shares
- Stake Offered
- 26.00% of total paid-up equity and voting share capital
- Face Value / Recommendation Dates
- Rs. 10/- each; recommendations dated October 13, 2026 published on October 14, 2026
What the update says
- J.A. Finance Limited has informed BSE that the Recommendations of the Committee of Independent Directors dated October 13, 2026 have been published on October 14, 2026.
- The recommendations relate to an open offer by Mr. Sachin Ishwarchand Goyal and Mr. Numan Sachin Goyal, both residents of Pune, and Mr. Salil Vijay Sathe, resident of Thane. The update refers to them collectively as the "Acquirers".
- The Acquirers' offer is to the public shareholders of J.A. Finance Limited ("JAFL" or the "Target Company") to acquire from them up to 27,68,671 equity shares of Rs. 10/- each, representing 26.00% of the total paid-up equity and voting share capital of JAFL.
What an open offer is
An open offer is a public invitation to existing shareholders to sell their shares to the acquirers. Here the update states that the Acquirers may acquire up to 27,68,671 equity shares from the public shareholders of JAFL, which is 26.00% of its total paid-up equity and voting share capital. Each shareholder decides individually whether to participate.
The role of the Committee of Independent Directors
JAFL's Committee of Independent Directors has given its recommendations dated October 13, 2026 in relation to this open offer. The update records that these recommendations were made public on October 14, 2026.
Where the recommendations appeared
- Financial Express (English Daily), all India editions
- Jansatta (Hindi Daily), all India editions
- Mumbai Lakshadeep (Marathi daily), Mumbai edition
- Arthik Lipi (Bengali daily), Kolkata edition
What was sent to the exchange
- A copy of the Recommendations of the Committee of Independent Directors dated October 13, 2026 as published in the Financial Express on October 14, 2026
- A soft copy in Compact Disc containing those recommendations in PDF format
What shareholders may keep in mind
The communication is an intimation that the committee's recommendations have been published. Shareholders of JAFL who want to understand the committee's view on this open offer can refer to the published recommendations.
Also from J.A. Finance
Open offer to acquire up to 27,68,671 shares (26.00%) at Rs. 32.00 each
16 Oct 2026
Committee of independent directors reviews open offer for up to 26.00% of paid-up equity
13 Oct 2026
Open offer for up to 26.00% at Rs. 44.82 per share; tendering window Oct 19 to Nov 2, 2026
12 Oct 2026
More numbers
- Equity shares the Acquirers may acquire in the open offer27,68,671 equity shares
- Share of total paid-up equity and voting share capital26.00%
- Face value per equity shareRs. 10/- each
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