Navigant Corporate Advisors Limited ("Manager to the Offer") has submitted to BSE a copy of Recommendations of the Committee of Independent Directors (IDC) on the Open Offer to the Shareholders ....
Awaiting price reaction for this filing.
Navigant Corporate Advisors Ltd, the Manager to the Offer, has submitted to BSE the recommendations of the Committee of Independent Directors (IDC) regarding an open offer for B J Duplex Boards Limited. The open offer is to acquire up to 49,47,410 equity shares (26% of the existing equity and voting share capital) at a price of Re. 1/- per fully paid-up equity share. The acquirers are Prabhatam Investments Private Limited and Mr. Mayank Gupta. The IDC advertisement was published on 31st October 2025 in Financial Express (English), Jansatta (Hindi), and Mumbai Lakshadeep (Marathi), as required under Regulation 26(7) of SEBI SAST Regulations, 2011.
This is a mandatory regulatory filing and does not directly impact stock price. Shareholders should carefully review the IDC's recommendation (whether to accept or reject the offer) and the disclosed offer price of Re. 1/- per share, which appears to be the SEBI-determined minimum price triggered by a change in control.