The Exchange has received the disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prabhatam Investments Pvt Ltd
Awaiting price reaction for this filing.
Prabhatam Investments Pvt Ltd and Mayank Gupta together acquired 1,31,00,000 equity shares (face value Re.1) in BJ Duplex Boards Ltd, taking their holding from Nil to 68.84% of the post-allotment paid-up share capital. The shares were issued through a preferential allotment on May 22, 2025 at Re.1 per share. After the allotment, the company's total paid-up equity capital stands at Rs.1,90,28,500 (1,90,28,500 shares of Re.1 each). The acquirers were already identified in the earlier detailed public announcement as part of the takeover process, confirming a clean change-of-control transaction.
This is a clear change-of-control event – existing public shareholders now hold only about 31% of BJ Duplex Boards. With a single promoter entity owning over two-thirds, minority shareholders have limited say, though the Re.1 issue price suggests the stock is being recapitalised at par. Watch for any further open-offer or delisting announcements triggered by this 68.84% acquisition.