Due to minor inadvertent error the company is filing Corrigendum for 31st March 2026
Awaiting price reaction for this filing.
Bijoy Hans Ltd (recently renamed Arvaya Healthcare Limited on 11 May 2026) is submitting a corrigendum to fix an inadvertent error in the EPS figure (both Basic and Diluted) reported in its 28 May 2026 results for the quarter and year ended 31 March 2026. The underlying results reveal a major transformation: the company acquired three wholly-owned subsidiaries in healthcare — Health Secure Hospitals, Arvaya Health & Wellness, and Tec-Pool Solutions — for a total consideration of about ₹60.65 crore (mostly via share swaps at ₹12.50/share), effective 4 March 2026. Consolidated revenue jumped from ₹27.89 lakh to ₹911.33 lakh and consolidated profit grew from ₹13.61 lakh to ₹90.38 lakh (EPS ₹0.45 → ₹0.69). On a standalone basis, however, the company posted a net loss of ₹119.73 lakh versus a ₹13.61 lakh profit last year, with negative operating cash flow of ₹788.99 lakh and cash balance falling to just ₹1.51 lakh. Authorised share capital was raised from ₹60 crore to ₹200 crore and paid-up equity expanded sharply from ₹300 lakh to ₹4,802.19 lakh.
The corrigendum itself is minor and unlikely to move the stock, but the underlying results show a strategic pivot into healthcare via acquisitions — turning a loss-making standalone entity into a consolidated profit. Investors should note weak standalone cash flow, a sizeable Emphasis of Matter on pending litigation of ~₹37.2 crore from medical consultants, and provisional goodwill of ~₹20.3 crore that may be revised within 12 months.