Outcome of Board meeting held on 06.11.2025
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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.