Disclosure regarding communication received from BSE through mail dated 17th July 2025, regarding SEBI Administrative warning - Violation of provision of SEBI, SAST(Substantial Acquisition ....
Awaiting price reaction for this filing.
Bijoy Hans Ltd disclosed that SEBI has issued an administrative warning to the acquirers and intermediaries (U G Patwardhan Services Pvt Ltd, Kaushal Uttam Shah, Agri One India Ventures LLP, and Shantanu Surpure) involved in the company's open offer. The warning relates to a 28-day delay in paying the requisite fees under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations — the Draft Letter of Offer was filed on January 3, 2025, but the fee was paid only on January 31, 2025. SEBI has warned the parties to avoid such lapses in the future, noting that any repeat violation could trigger formal enforcement action.
This is an administrative warning, not a monetary penalty or enforcement action, so the immediate impact on shareholders is limited. However, it highlights compliance lapses in the open offer process, and any future similar delays by the acquirers could lead to stricter regulatory action that may affect the deal or the stock.