Annual Report for the year ended 31 March 2025
Awaiting price reaction for this filing.
Bijoy Hans Limited (BSE scrip: 524723) has submitted its 40th Annual Report for FY 2024-25 along with the Notice of its 40th AGM, scheduled for August 25, 2025 at 3:00 PM via video conferencing. Remote e-voting runs from August 22 (9 AM) to August 24 (5 PM), 2025. The filing reveals a significant change in control and management on July 28, 2025 — multiple directors resigned (Smt Shweta Patawari, Amit Dugar, Sanjay Baid) and were replaced by new faces including Brijesh Biyani and Dr. Rahul Mayur as Independent Directors. Statutory auditor M/s Rajesh Surana & Co. resigned citing 'change in control and management' and was replaced by Khire Khandekar and Kirloskar. The new management is led by Kaushal Uttam Shah as Chairman and Managing Director. The AGM notice seeks shareholder approval for material related party transactions of up to Rs 10 crore each with 6 related parties (including Agri One India Ventures LLP, UG Patwardhan Services, and the new MD himself), raising the borrowing limit to Rs 50 crore, and authorizing loans/investments up to Rs 50 crore under Sections 185 and 186.
This represents a major ownership and management reshuffle at a small BSE-listed Assam-based company, which could meaningfully alter its strategic direction and corporate governance. Shareholders should carefully evaluate the large related party transaction envelope (up to ~Rs 60 crore combined) and increased borrowing/investment authorities, as these can be early indicators of capital being routed to promoter-linked entities. The stock price reaction and voting outcomes at the August 25 AGM are the next key events to watch.