Company has received in-principle approval from Bombay Stock Exchange Limited (BSE) vide letter bearing ref: LOD/PREF/TT/FIP/1722/2025-26 dated February 17, 2026 for issue of 4,05,21,836 ....
Awaiting price reaction for this filing.
Bijoy Hans Ltd has received in-principle approval from BSE for issuing 4,05,21,836 equity shares of Rs. 10 face value each at an issue price of Rs. 12.5 per share on a preferential basis. This works out to a premium of Rs. 2.5 per share over face value. The shares are proposed to be allotted to promoters and non-promoters pursuant to a share swap arrangement. The approval was granted via BSE letter dated February 17, 2026. The company will now need to complete allotment and file a listing application within the prescribed timelines.
The preferential issue at a premium will result in equity dilution for existing shareholders but the company is not raising fresh cash — shares are being issued in lieu of a share swap. Shareholders should watch for the allotment announcement and any details on the swap consideration.