To consider and Approve change in registered office of the company form Assam to Maharashtra.
Awaiting price reaction for this filing.
Bijoy Hans Ltd's board, which met on November 4, 2025, cleared a major restructuring and expansion plan. The company will acquire 100% stakes in three firms: Health Secure Hospitals Pvt Ltd (HSHPL) for about ₹29.40 crore (₹10 crore cash + ₹19.40 crore via share swap), Arvaya Health and Wellness Pvt Ltd (AHWPL) for ₹18.75 crore entirely via share swap, and Tec-Pool Solutions Pvt Ltd (TPSPL) for ₹12.50 crore via share swap. To fund the swap portion, the board approved preferential issues of roughly 4.05 crore equity shares at ₹12.50 each (a premium of just ₹2.50 over face value), totalling about ₹50.65 crore. The authorised share capital was also hiked six-fold from ₹10 crore to ₹60 crore. Other housekeeping items included moving the registered office from Assam to Maharashtra, appointing Ms. Kiran Kabra as an Additional Independent Director, accepting resignations of three directors, and changing Mr. Salil Shetty's designation from Independent to Non-Executive Director. An EOGM has been scheduled for November 28, 2025 to seek shareholder approval. The Q2FY26 results show the company is still loss-making at the operational level, with a half-year loss of ₹56.26 lakh against just ₹3.41 lakh of total income for the quarter.
Existing shareholders face significant dilution from the preferential allotments, which will roughly triple the equity base at a low premium price. The acquisitions shift the company toward healthcare and IT services, but the targets themselves are very small (most have negligible turnover), so the strategic value is unclear and will need close scrutiny. Short-term, the stock may react to the fundraising and dilution; long-term, execution of the acquisitions and any revenue pickup from the new businesses will be key.