Kapil Raj Finance to acquire Henyo Pack via share swap, rename to Henyo Systems
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On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 5.3 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved acquiring 90 percent of Henyo Pack Limited, a packaging firm with FY25 turnover of Rs 46.73 crore, via share swap at 100:1 ratio, issuing 26.55 crore shares at Rs 2.24 each (total Rs 59.47 crore). Also approved issuing 66.98 lakh shares at Rs 2.24 each for cash to public investors. Authorized capital to rise from Rs 11 crore to Rs 46 crore. Company name to change to Henyo Systems Limited. New allottees will hold 69.57 percent post-issue.
Major dilution as existing holders are reduced to about 30 percent. Business pivots from finance to packaging. Pending shareholder and regulatory approvals.