Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'), we hereby inform you ....
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The board of Beezaasan Explotech met on October 13, 2025, and approved three key items. First, it approved increasing the authorised share capital from Rs. 15 crore (1.5 crore equity shares of Rs. 10 each) to Rs. 16 crore (1.6 crore shares), subject to shareholder approval. Second, it considered acquiring the entire equity shareholding of Asawara Earthtech Limited (AEL), a group company in the explosive and infrastructure development space, through a share swap (preferential allotment of Beezaasan shares to AEL's shareholders). Third, it discussed the preferential issue of equity shares to seven allottees, all of whom are promoters or members of the promoter group of Beezaasan. The deal will be done at arm's length based on a registered valuer's report under SEBI ICDR Chapter V norms. Exact swap ratio and price are to be finalised in the next board meeting.
Existing shareholders should note that the promoter group is bringing a related-party group company into Beezaasan via a share swap, which will dilute their holdings but expand the company's presence in the explosives and infrastructure segments. AEL had Rs. 14.74 crore revenue and Rs. 21.75 lakh profit in FY25, with declining profitability over the last three years. Watch for the next board meeting announcement for the final swap ratio and price.