The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prabhatam Investments Pvt Ltd / Mayank Gupta
Awaiting price reaction for this filing.
Prabhatam Investments Private Limited and Mayank Gupta, both belonging to the promoter group of BJ Duplex Boards Ltd, have acquired 1,31,00,000 equity shares (68.84% of post-allotment share capital) through a preferential allotment on May 22, 2025. Before this acquisition, the promoters held 0% stake in the company. After the allotment, Prabhatam Investments holds 55.71% (1,06,00,000 shares) and Mayank Gupta holds 13.14% (25,00,000 shares). The company's paid-up share capital increased from Rs. 49,28,500 (49,28,500 shares) to Rs. 1,90,28,500 (1,90,28,500 shares), nearly quadrupling the share base.
This is a major change of control event — promoters went from zero holding to 68.84% in a single preferential allotment, which means existing public shareholders have been significantly diluted. The stock price may react to the entry of new promoters and the substantial dilution of minority shareholders' stakes.