Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Post Offer Advertisement to the equity shareholders of BJ Duplex Boards Ltd ("Target Company").
Awaiting price reaction for this filing.
Navigant Corporate Advisors Ltd, acting as Manager to the Offer, has submitted a Post Offer Advertisement to BSE on behalf of the acquirers of BJ Duplex Boards Ltd. The filing is made under Regulation 18(12) of the SEBI Substantial Acquisition of Shares and Takeover (SAST) Regulations, 2011. The open offer was for acquisition of up to 49,47,410 equity shares of Re. 1 each at a price of Re. 1 per share, representing 26% of the existing equity and voting share capital. The acquirers are Prabhatam Investments Private Limited and Mr. Mayank Gupta. The post-offer advertisement was published on 21 November 2025 in Financial Express, Jansatta, and Mumbai Lakshadeep.
This signals the conclusion of the open offer process under the takeover code, with the acquirers potentially increasing their stake in BJ Duplex Boards. Shareholders who tendered shares at Re. 1 per share have already been settled; remaining shareholders should note that the floor price established by this offer is now a key benchmark. The very low offer price suggests this is a deeply discounted or undervalued stock, and any future corporate actions or promoter changes may be closely watched.