Consider and approval of issuance of Equity funds shared by way of Preferential issue on private placement.
Awaiting price reaction for this filing.
Bijoy Hans board approved acquiring 100% stakes in three companies — Health Secure Hospitals Pvt Ltd (HSHPL), Arvaya Health and Wellness Pvt Ltd (AHWPL), and Tec-Pool Solutions Pvt Ltd (TPSPL) — for a combined purchase consideration of about ₹60.65 crore. HSHPL costs ₹29.4 crore (₹10 crore cash + ~₹19.4 crore via share swap), AHWPL costs ~₹18.75 crore fully via share swap, and TPSPL costs ~₹12.5 crore via share swap; TPSPL is a related-party deal since promoter SMCV Management Services is selling its stake. To fund the share-swap portions, the board approved a preferential (private placement) issue of about 4.05 crore equity shares at ₹12.50 each (₹10 face value plus ₹2.50 premium) to the target companies' shareholders, taking total new shares from 75 lakh to roughly 4.8 crore. Authorised capital is being raised from ₹10 crore to ₹60 crore, the registered office is being shifted from Guwahati to Sangli, three directors resigned, and one independent director was appointed. The company is loss-making — Q2 FY26 showed just ₹5.95 lakh in operating revenue and a pre-tax loss of ~₹30.9 lakh, while HSHPL's standalone FY25 turnover was only ₹1.37 crore, AHWPL's was ₹8 lakh, and TPSPL's was nil.
Existing shareholders face heavy equity dilution — about 5x increase in share count — to acquire companies with negligible or no revenues and no clear synergies, which is likely to weigh on the stock price in the short term.