Postal Ballot Notice dated 19 March 2026
Awaiting price reaction for this filing.
Bijoy Hans Limited has issued a Postal Ballot Notice dated March 19, 2026 seeking shareholder approval through e-voting (March 21 – April 19, 2026) on nine resolutions. Key items include withdrawing the previously approved name 'Arvaya Healthtech Limited' and instead renaming the company to 'Arvaya Healthcare Limited' to reflect its new healthcare, medical, wellness, and digital health business direction. The Board is also seeking approval to raise the Authorised Share Capital from Rs. 60 crore to Rs. 200 crore (6 crore to 20 crore equity shares of Rs. 10 each), increase borrowing limits to Rs. 200 crore under Section 180, and authorize investments/loans/guarantees up to Rs. 200 crore under Section 186 and Rs. 100 crore under Section 185. Additional resolutions cover revision in MD Mr. Kaushal Shah's remuneration to Rs. 10 lakh per month, redesignation of Mr. Salil Shetty from Non-Executive Director to Executive Director & CEO (5-year term, Rs. 10 lakh/month), and adoption of a new set of Articles of Association.
Shareholders are being asked to approve a significant strategic pivot toward healthcare along with a major 3.3x increase in authorised share capital and a sizeable jump in borrowing/investment limits, which could enable future fundraising, acquisitions, or expansion but also raises dilution and debt risk. The change in name to 'Arvaya Healthcare Limited' signals a rebrand, while the executive appointments and revised MD pay suggest strengthening of the management team for the new business direction.