To Discuss and approve the proposal for offer, issue and allot equity shares of the company on preferential issue to the share holders of M/s Health secure hospitals private limited, M/s ....
Awaiting price reaction for this filing.
Bijoy Hans Limited's board approved the acquisition of 100% stakes in three companies: Health Secure Hospitals (HSHPL, hospital business) for ~₹29.40 Cr (₹10 Cr cash + ₹19.40 Cr via share swap), Arvaya Health and Wellness (AHWPL) for ₹18.75 Cr (entirely via share swap), and Tec-Pool Solutions (TPSPL, IT services) for ₹12.50 Cr (entirely via share swap). To fund the share-swap component, the company will issue up to ~4.05 crore equity shares at ₹12.50 per share (face value ₹10 + ₹2.50 premium) to the sellers on a preferential basis. The board also approved raising authorised share capital from ₹10 Cr to ₹60 Cr, an EOGM on November 28, 2025, a shift of registered office from Guwahati (Assam) to Sangli (Maharashtra), appointment of an additional independent woman director, and three director resignations. Q2 FY26 results showed a wider loss of ₹30.92 Lacs versus ₹14.01 Lacs a year ago, and H1 FY26 loss was ₹56.26 Lacs.
Existing shareholders will see significant dilution — roughly 4.05 crore new shares are being issued (versus existing 75 Lacs paid-up equity), more than a 5x increase in share count. The acquisitions are aimed at building a healthcare and health-tech platform, but most target companies have negligible or very small current turnovers, so near-term earnings impact is limited while the equity base expands sharply — a typical dilution risk event for shareholders.