BSEBJ Duplex Boards LtdMediumNeutral
Announced Sat, 4 Apr · 18:25 IST

Board approves name change to Prabhatam Infraventure/Infra Realty

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

B J Duplex Boards Ltd's board approved changing the company name to either Prabhatam Infraventure Limited or Prabhatam Infra Realty Limited, reflecting a planned shift from paper board manufacturing into infrastructure and real estate. The board also approved altering the Main Objects Clause of its MOA to align with the new business. The change requires ROC, BSE, and shareholder approvals, and takes effect once a fresh Certificate of Incorporation is issued.

Likely market impact

Signals a business pivot from paper boards to infrastructure/real estate. Subject to regulatory and shareholder approvals.