enclosed
Awaiting price reaction for this filing.
Bijoy Hans Ltd has undergone a change in management and control after an open offer under SEBI (SAST) Regulations closed on July 3, 2025. The acquirers — UG Patwardhan Services Pvt Ltd, Kaushal Uttam Shah, Agri One India Ventures LLP, and Shantanu Surpure — had offered Rs. 12.50 per share for up to 19,50,010 shares (26% of voting capital), but received zero response as no shares were tendered. Despite this, the board and management have changed because full consideration was placed in escrow. The corporate office will now shift to Sangli. Mr. Kaushal Uttam Shah has been re-designated as Chairman and Managing Director, two new independent directors (Mr. Brijesh Biyani and Dr. Rahul Mayur) have been appointed, and a new CFO (Mr. Abhiram R) and statutory auditor (Khire Khandekar & Kirloskar) have come in. The company also reported a Q1 FY26 net loss of Rs. 25.29 lakhs against total income of Rs. 3.41 lakhs, and confirmed that Rs. 5.62 crores raised via preferential allotment to new promoters has been fully utilised without deviation. The 40th AGM is scheduled for August 25, 2025.
Existing public shareholders retain their full stake as no shares were tendered in the open offer, but the company now has a completely new leadership team and key managerial personnel. The weak Q1 results (loss of Rs. 25.29 lakhs vs profit of Rs. 13.62 lakhs for FY25) combined with management transition may create short-term uncertainty, though fresh capital of Rs. 5.62 crores from the new promoters could support working capital and business expansion.