Increase in Authorized Share Capital of the Company from the present Rs. 10,00,00,000 (Rupees Ten crores) to Rs. 60,00,00,000 (Rupees Sixty crores) subject to approval of members.
Awaiting price reaction for this filing.
Bijoy Hans Limited's board approved raising the authorised share capital from Rs. 10 crore to Rs. 60 crore (6x increase), subject to shareholder approval. The company announced three 100% acquisitions: Health Secure Hospitals (HSHPL) for Rs. 29.4 crore (Rs. 10 crore cash + Rs. 19.4 crore via share swap), Arvaya Health and Wellness (AHWPL) for Rs. 18.75 crore (share swap), and Tec-Pool Solutions (TPSPL) for Rs. 12.5 crore (share swap, related party transaction). To fund these deals, the board approved preferential allotments of up to ~4.05 crore equity shares at Rs. 12.50 each (~Rs. 50.6 crore total), including a Rs. 2.50 premium per share. Additionally, three directors resigned, Ms. Kiran Kabra was appointed as Independent Woman Director, the registered office is being shifted from Guwahati (Assam) to Sangli (Maharashtra), and Q2 FY26 results showed a loss of Rs. 30.92 lakh on total income of Rs. 2.17 lakh.
This is a transformative move that will substantially dilute existing shareholders (~4x expansion via preferential issues at Rs. 12.50/share) and pivot the company into healthcare and technology businesses. Shareholders should weigh the significant dilution risk against the strategic shift into hospitals, wellness, and IT-enabled services, with the EGM on November 28, 2025 being a key event to watch.