Re-classification of promoters from Promoter/Promoter Group to Public Category.
Awaiting price reaction for this filing.
Bijoy Hans Ltd's Board of Directors, at its meeting on 4th March 2026, approved the reclassification of four individuals — Mr. Ashok Patwari, Mr. Ashim Patwari, Mrs. Sushila Devi Patwari, and Ms. Shweta Patwari — from the 'Promoter/Promoter Group' category to the 'Public' category under SEBI Regulation 31A. Notably, all four individuals currently hold zero equity shares in the company, are not on the Board, do not hold any key managerial position, and have no special rights or management role. The reclassification is linked to an ongoing change in control, as the intent was already disclosed in the letter of offer issued by acquirers U G Patwardhan Services Pvt Ltd, Mr. Kaushal Uttam Shah, Agri One India Ventures LLP, and Mr. Shantanu Surpure under SEBI Takeover Regulations. Shareholder approval is not required as the reclassification intent was part of the takeover offer document. The move is subject to stock exchange approval.
This is a procedural step in an ongoing change-of-control transaction and has no direct impact on shareholding or stock price, since the four reclassified members hold no shares. For shareholders, the real story remains the completed takeover by the new acquirer group, led by Managing Director Kaushal Uttam Shah.