Outcome of Board Meeting pursuant to regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, considering and approving ....
Awaiting price reaction for this filing.
BJ Duplex Boards Limited's Board approved four key matters on April 8, 2026. First, the authorised share capital will be doubled from ₹12 crore to ₹25 crore by creating 13 crore additional shares. Second, the company will acquire 87.91% stake in Prabhatam Infrastructure Limited (PIL) for ₹14.40 crore via share swap, issuing 14.40 crore new shares at ₹1 each to PIL's shareholders. PIL is an infrastructure/EPC company with FY25 turnover of ₹11.46 crore (down from ₹26.13 crore in FY23). Third, a preferential issue of 6 crore shares at ₹1 each for cash (₹6 crore) to public allottees, with RRKK Media Private Limited receiving 2 crore shares. Fourth, an EGM is scheduled for May 8, 2026 to seek shareholder approval for these proposals.
Significant dilution for existing shareholders as ~20.4 crore new shares will be issued. The acquisition marks BJ Duplex's entry into the infrastructure/EPC sector, potentially transforming the company's business profile.