Notice of Extraordinary General Meeting of the compnay is schedule to be held on Friday, May 08, 2026
Awaiting price reaction for this filing.
B J Duplex Boards Limited has called an EGM on May 08, 2026 via video conferencing. The meeting has 5 resolutions: (1) Doubling authorized share capital from Rs. 12 crore to Rs. 25 crore by creating 13 crore new equity shares; (2) Issuing up to 14.40 crore shares at Rs. 1 each via share swap to acquire M/s. Prabhatam Infrastructure Limited, with Mayank Gupta and Prabhatam Investment Private Limited as major allottees; (3) Raising Rs. 6 crore by issuing 6 crore new shares at Rs. 1 per share to public allottees including RRKK Media Private Limited (2 crore shares); (4) Changing company name from B J Duplex Boards Limited to Prabhatam Infraventure Limited; (5) Adopting new Memorandum of Association with altered object clause. Existing share capital is Rs. 1.90 crore (19,028,500 shares).
This EGM proposes massive shareholder dilution. If all resolutions pass, the company will issue 20.4 crore new shares, more than doubling outstanding shares. Existing shareholders will see significant ownership reduction. The share swap with Prabhatam Infrastructure indicates a reverse takeover or acquisition, while the capital raise and name change signal a complete business transformation.