Allotment of 45,00,000 fully paid equity shares on Preferential Basis
Awaiting price reaction for this filing.
Bijoy Hans Limited has allotted 45,00,000 fully paid equity shares on a preferential basis at Rs. 12.50 per share (face value Rs. 10 + Rs. 2.50 premium), raising a total of Rs. 5.625 crores. The shares were allotted to 3 non-promoter allottees: Kaushal Uttam Shah (8.4 lakh shares), U G Patwardhan Services Private Limited (18.3 lakh shares), and Agri One India Ventures LLP (18.3 lakh shares). Following this allotment, the company's paid-up capital has increased 2.5 times from Rs. 3.00 crore to Rs. 7.50 crore, with total equity shares rising from 30,00,021 to 75,00,021. The allotment was approved under a special resolution passed on January 24, 2025, with prior in-principle approvals from BSE and Calcutta Stock Exchange.
This is a significant dilution event — the share count has more than doubled, meaning existing shareholders' stakes have been reduced by roughly 60%. Two of the three allottees (U G Patwardhan Services and Agri One India Ventures) will each end up with a 24.40% stake, while Kaushal Shah will hold 11.20%, marking a major change in the company's ownership structure. Shareholders should expect dilution in EPS and voting power going forward.