The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arogya Tech Services LLP
Awaiting price reaction for this filing.
Arogya Tech Services LLP, a non-promoter entity, has acquired 32,77,460 equity shares of Bijoy Hans Ltd via a preferential allotment on 4 March 2026. This gives the LLP a 6.82% stake in the expanded share capital of the company. Before this allotment, the acquirer held zero shares, so this is a fresh entry crossing the 5% disclosure threshold under SEBI takeover rules. As a result of the preferential issue, Bijoy Hans' total equity share capital has expanded sharply from Rs. 7.50 crore (75 lakh shares) to Rs. 48.02 crore (4.80 crore shares), meaning existing shareholders have been significantly diluted. The allotted shares will rank pari passu with existing equity shares.
Existing shareholders face heavy dilution as the share base has grown over 6x through a preferential issue to a single non-promoter buyer. While the new investor's stake is modest at 6.82%, the scale of the capital expansion and change in shareholder composition may attract market attention and could influence short-term price action.