Enclosed
Awaiting price reaction for this filing.
Bijoy Hans Ltd has undergone a complete change of control following an open offer under SEBI SAST regulations. The new promoter group (U G Patwardhan Services Pvt Ltd, Kaushal Uttam Shah, Agri One India Ventures LLP, and Shantanu Surpure) acquired 45 lakh equity shares via preferential allotment at Rs 12.50/share on May 27, 2025, raising Rs 5.62 crore. Their open offer for an additional 19.5 lakh shares (26%) at Rs 12.50/share closed on July 3, 2025 with zero shares tendered, giving the acquirers management control. The board was fully reconstituted: Kaushal Shah was re-designated as Chairman and MD, two new independent directors (Brijesh Biyani and Rahul Mayur) were appointed, and three directors including CFO Richi Patawari resigned. Statutory auditor was also changed from Rajesh Surana & Co to Khire Khandekar & Kirloskar. Q1 FY26 results showed a widened net loss of Rs 25.29 lakh versus Rs 5.25 lakh loss in Q1 FY25, with zero revenue from operations and other expenses surging to Rs 26.27 lakh. The 40th AGM is scheduled for August 25, 2025.
Shareholders should note this is a significant takeover event with a new promoter group now in control, a new management team based in Sangli, and fresh leadership across the board and CFO position. The company continues to report losses with negligible operating revenue, so the focus will likely shift to how the new management executes on stated objectives of business expansion and working capital funding.