Enclosed
Awaiting price reaction for this filing.
Bijoy Hans Ltd has formally completed a change in management and control following an open offer under SEBI (SAST) Regulations, 2011, which closed on 3rd July 2025. The acquirers — U G Patwardhan Services Pvt Ltd, Mr. Kaushal Uttam Shah, Agri One India Ventures LLP, and Mr. Shantanu Surpure — had offered Rs. 12.50 per share for up to 19,50,010 equity shares (26% of voting capital), but no public shareholders tendered shares (zero response). The Board has been reconstituted: Mr. Kaushal Uttam Shah is now Chairman & Managing Director, two new independent directors (Mr. Brijesh Biyani and Dr. Rahul Mayur) have been appointed, and several old directors including the former Managing Director have resigned. New statutory auditor (Khire Khandekar & Kirloskar) and new CFO (Mr. Abhiram R) have also been appointed. The company's corporate office will shift to Sangli under the new management. Q1 FY26 results show total income of Rs. 3.41 lakh and a net loss of Rs. 25.29 lakh (EPS -0.53), with no business revenue reported. The company also raised Rs. 5.62 crore via preferential allotment of 45 lakh equity shares at Rs. 12.50 per share to the new promoters.
Shareholders should note a complete change of control has taken effect, with new promoters now running the company from Sangli. The stock has no existing public tendering interest at the Rs. 12.50 offer price, but the business is currently loss-making with zero operating revenue, which could weigh on near-term sentiment.