Notice of the Extra Ordinary General Meeting to be held on 28th November, 2025.
Awaiting price reaction for this filing.
Bijoy Hans Ltd has called an EGM on November 28, 2025 (via video conferencing) to seek shareholder approval for multiple major proposals. Resolution 1 seeks to increase the Authorised Share Capital from ₹10 crore to ₹60 crore (divided into 6 crore equity shares of ₹10 each). Resolution 2 seeks to raise the Section 186 limit for loans, guarantees, and investments to ₹100 crore. Resolutions 3 to 8 cover the acquisition of three companies — Health Secure Hospitals Pvt Ltd (HSHPL), Arvaya Health and Wellness Pvt Ltd (AHWPL), and Tec-Pool Solutions Pvt Ltd (TPSPL) — making each a wholly-owned subsidiary. The combined acquisition value is around ₹60.65 crore, of which roughly ₹50.65 crore will be paid via share swaps (issuing about 4.05 crore new Bijoy Hans shares at ₹12.50 each), and ₹10 crore in cash for the remaining 34% stake in HSHPL. The issue price of ₹12.50 is at a significant discount to face value of ₹10 plus a small premium, indicating a low free-float market price for the scrip.
This EGM represents a major strategic pivot for Bijoy Hans into healthcare and tech-enabled services, with the company's equity base set to expand significantly through large share-swap allotments, which will dilute existing shareholders. The preferential issue price of ₹12.50 (just ₹2.50 above face value) suggests the company's shares are trading at or near par, making the acquisitions cost-effective in cash terms but highly dilutive in equity terms. Shareholders should carefully evaluate the valuation of the three target companies against the shares being issued.