The Committee of Independent Director''s at its meeting held on today discussed, analysed & reviewed that the open offer given by Acquirers purusuant to Public annuncement dated 20 Februray ....
Awaiting price reaction for this filing.
B J Duplex Boards Limited informed stock exchanges that its Committee of Independent Directors met on October 30, 2025, to review an open offer from Prabhatam Investments Private Limited and Mr. Mayank Gupta. The acquirers are offering to buy up to 49,47,410 equity shares at Re. 1 per share, representing 26% of the company's existing equity and voting share capital. The Committee reviewed the Public Announcement dated February 20, 2025, the Detailed Public Statement dated February 27, 2025, and the Letter of Offer dated October 18, 2025. After analysis, the Independent Directors concluded that the open offer is fair and reasonable for the shareholders.
For shareholders, this independent endorsement means the offer price of Re. 1 per share has been deemed fair, giving them a reference point to either tender their shares or hold. The 26% open offer indicates a significant change of control attempt, which could lead to management restructuring going forward.