Enclosed
Awaiting price reaction for this filing.
Bijoy Hans Ltd announced a complete change of management and control following an open offer under SEBI (SAST) Regulations, closed on 3rd July 2025. The acquirers — U G Patwardhan Services Pvt Ltd, Kaushal Uttam Shah, Agri One India Ventures LLP, and Shantanu Surpure — offered Rs. 12.50 per share for up to 26% (19,50,010 shares), but received zero response from public shareholders. Despite this, control was transferred because 100% consideration was kept in escrow. The company also allotted 45 lakh equity shares on a preferential basis to the new promoters at Rs. 12.50 per share, raising Rs. 5.62 crore. The Board was entirely reconstituted: Mr. Kaushal Uttam Shah became Chairman & Managing Director, two new Independent Directors were appointed, and three old directors including Ms. Shweta Patawari resigned, along with the CFO and statutory auditor. For Q1 FY26, the company posted a net loss of Rs. 25.29 lakh (vs. Rs. 5.25 lakh loss in Q1 FY25) on total income of Rs. 3.41 lakh. The 40th AGM is scheduled for 25th August 2025.
This is a major corporate event — the entire promoter group has changed, signaling a likely fresh strategic direction for the company. However, the weak Q1 results (wider loss, negligible revenue) and zero public participation in the open offer suggest limited investor confidence and underline the company's struggling business. Shareholders should watch for new strategic plans from the incoming management based in Sangli.