Navigant Corporate Advisors Limited ("Manager to the Offer") has submitted to BSE a copy of Corrigendum to the Detailed Public Statement for the attention to the Shareholders of BJ Duplex ....
Awaiting price reaction for this filing.
Navigant Corporate Advisors, the manager to the offer, has submitted a corrigendum to the Detailed Public Statement for an open offer on BJ Duplex Boards Ltd. The offer is by Prabhatam Investments Pvt Ltd and Mr. Mayank Gupta (collectively the Acquirers) to acquire up to 49,47,410 equity shares at Re. 1 per share, representing 26% of the company's equity and voting capital. The corrigendum was published on 20 October 2025 in English, Hindi, and Marathi editions (Financial Express, Jansatta, and Mumbai Lakshadeep). The filing confirms the soft copy matches the hard copy of the corrigendum.
Shareholders should review the corrigendum for any changes to the original open offer terms. The offer price of Re. 1 per share is extremely low, indicating the stock likely trades at distressed or penny levels, so shareholders should carefully evaluate whether to tender their shares given the 26% trigger threshold under SEBI takeover norms.