Corrigendum for the 1st Extra-Ordinary General Meeting of the Company to be held on 28th November, 2025.
Awaiting price reaction for this filing.
Bijoy Hans Limited has issued a corrigendum to the notice of its 1st Extra-Ordinary General Meeting (EGM) originally dated November 4, 2025, with the meeting scheduled for November 28, 2025 via video conference. Key changes include revised lock-in terms for a proposed preferential issue: 40% of shares locked-in for 4 years, 40% for 3 years, and 20% for 2 years from the date of allotment. The appointment of Ms. Kiran Kabra as Women Independent Director (Agenda Item 9) has been withdrawn after she backed out due to health reasons, causing renumbering of subsequent items. The biggest change is to Resolution No. 5, which now seeks shareholder approval to acquire 9,999 equity shares (out of 10,000) of Tec-Pool Solutions Private Limited for up to ₹12.5 crore through a share swap, making Tec-Pool a wholly owned subsidiary. The acquisition is a material related party transaction with SMCV Management Services Private Limited, where promoter Kaushal Uttam Shah and UG Patwardhan Services are interested parties.
The corrigendum signals a major strategic expansion through the proposed acquisition of Tec-Pool Solutions, but it carries related-party transaction risk since promoter-linked entities are involved. The extended lock-in on the preferential issue is more shareholder-friendly, while the withdrawal of the independent director appointment is a minor governance setback. Shareholders should review the revised terms carefully before voting at the November 28 EGM.