Intimation for reclassification of shareholding from "Promoter & Promoter Group" Category to "Public" Category of BJ Duplex Boards Limited ("the Company") under Regulation 31A(10) of the ....
Awaiting price reaction for this filing.
BJ Duplex Boards has undergone a complete change of promoter and management. On May 22, 2025, the Board allotted 1,31,00,000 equity shares on a preferential basis to new acquirers Prabhatam Investments Private Limited and Mayank Gupta, who together now hold 68.84% of the company (55.71% and 13.14% respectively). This follows an open offer made under SEBI Takeover Regulations. Mr. Mayank Gupta and Mr. Subhash Sahu have been appointed to the Board, taking over control and management. As a result, all 82 earlier promoters (individuals, HUFs, and entities listed in Annexure I) have been reclassified from the Promoter & Promoter Group category to the Public category under Regulation 31A(10) of SEBI Listing Regulations.
This is a full-scale takeover with a new promoter group consolidating nearly 69% ownership and new directors taking charge of the Board. Shareholders should expect changes in business direction and governance under the new management, and the stock is likely to see heightened volatility and trading interest given the dramatic shift in control.