Outcome of Board meeting held on 06.11.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 10.5 pts more than Nifty Microcap 250 and 11.0 pts more than its Healthcare Service Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Bandaram Pharma Packtech Limited's board approved the allotment of 59,71,920 equity shares at Rs. 20 per share (including Rs. 10 premium) on a preferential basis. The allotment is being made to promoters (22,54,484 shares) and non-promoters (37,17,436 shares) as consideration other than cash for the acquisition of 84.21% stake in Craftsmart Products Private Limited. With this transaction, Bandaram Pharma Packtech now holds 100% stake in Craftsmart Products, making it a wholly owned subsidiary. A total of 37 allottees received shares under this preferential issue.
This is a non-cash, share-based acquisition where existing and new shareholders are being issued equity to fund the purchase of a subsidiary. Shareholders should note potential dilution from 59.7 lakh new shares, but this strengthens the company's portfolio by making Craftsmart Products a wholly owned subsidiary.