Swaraj Shares and Securities Private Limited ("Manager to the Offer") has submitted to BSE a copy of Pre-Offer Advertisement and Corrigendum to the Detailed Public Statement under Regulation ....
Awaiting price reaction for this filing.
Four acquirers — U G Patwardhan Services Pvt Ltd, Mr. Kaushal Uttam Shah, Agri One India Ventures LLP, and Mr. Shantanu Surpure — have made an open offer to buy up to 19,50,010 shares (26% of expanded voting capital) of Bijoy Hans Ltd from public shareholders at Rs. 12.50 per share, totaling Rs. 2.44 crore. The offer is triggered under SEBI Takeover Regulations following two agreements: a Share Purchase Agreement dated December 26, 2024 to buy 2.73% from promoter shareholders, and a Share Subscription Agreement for 45 lakh fresh equity shares (60% of expanded capital) at the same Rs. 12.50 price, aggregating Rs. 5.625 crore. The manager to the offer is Swaraj Shares and Securities Pvt Ltd, and the pre-offer advertisement corrigendum was published on June 12, 2025 across Financial Express, Jansatta, Mumbai Lakshadeep, and Daindin Barata newspapers.
Public shareholders of Bijoy Hans Ltd can tender their shares at Rs. 12.50 per share during the open offer window. The combined SPA, preferential issue, and open offer will result in a change of control with the acquirers holding a significant majority stake in the company.