Company has entered into a share purchase agreement with Tec pool solutions private Limited.
Awaiting price reaction for this filing.
Bijoy Hans Limited has signed a Share Purchase Agreement to acquire 100% equity stake in Tec-Pool Solutions Private Limited (TPSPL), a Bangalore-based technology company offering IT-enabled services, process automation, and digital transformation solutions. The total acquisition cost is ₹12.50 crore, payable partly in cash and partly through issuance of 1 crore new equity shares of Bijoy Hans at ₹12.50 per share. TPSPL had zero revenue and a small net loss of ₹85,210 in FY25, indicating the deal is being driven by access to technology, talent, and new markets rather than immediate revenue. The transaction is classified as a related-party deal because SMCV Management Services (a seller) is linked to Bijoy Hans promoters, though the company says it is at arm's length based on a valuation by an IBBI-registered valuer. Completion is targeted by April 30, 2026, pending shareholder approval.
For existing shareholders, this means equity dilution of about 1 crore new shares issued as part consideration, alongside a cash outflow. The target adds IT services capability but brings no current revenue, so near-term impact on earnings is likely neutral to mildly negative; value depends on whether the acquisition actually delivers growth as claimed.