Navigant Corporate Advisors Limited ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement to the Shareholders of BJ Duplex Boards Ltd ("Target Company").
Awaiting price reaction for this filing.
Prabhatam Investments Private Limited and Mr. Mayank Gupta (the Acquirers) have announced an open offer to acquire up to 49,47,410 equity shares of BJ Duplex Boards Ltd at Re. 1 per share, representing 26% of the company's equity and voting share capital. The Pre-Offer Advertisement was published on 3 November 2025 in Financial Express, Jansatta, and Mumbai Lakshadeep as required under SEBI Takeover Regulations. Navigant Corporate Advisors Limited is acting as the Manager to the Offer. The offer price of Re. 1 per share is notably low and matches the face value of the shares.
Shareholders of BJ Duplex Boards can tender their shares in the open offer if they wish to exit at the offered price. The very low offer price (Re. 1) suggests the stock may already be trading at very low levels, and shareholders should carefully evaluate whether to tender, hold, or sell in the market.