Votting results and Scutinizer Report of the Extra-Ordinary General Meeting of BJ Duplex Boards Limited, held on Friday, 08th May 2026
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BJ Duplex Boards Limited held an Extra-Ordinary General Meeting on May 8, 2026, where all 5 resolutions were passed with overwhelming majority (over 99.99% in favor). Key approvals include: (1) Increase in authorized share capital from Rs 12 crore to Rs 25 crore; (2) Issuance of up to 144 million equity shares to Prabhatam Infrastructure Limited shareholders via share swap; (3) Preferential allotment of up to 60 million shares to public; (4) Change of company name from 'B J Duplex Boards Limited' to 'Prabhatam Infraventure Limited'; and (5) Adoption of new Memorandum of Association with altered Object Clause. The meeting was conducted via video conferencing with 1,890 shareholders on record. Promoter group held 13.1 million shares and voted 100% in favor on all resolutions.
The passing of these resolutions signals a major corporate transformation, likely a reverse takeover or merger with Prabhatam Infrastructure Limited. The share swap and rebranding to 'Prabhatam Infraventure Limited' indicates the company is undergoing significant ownership and business structure changes. Existing shareholders should monitor for regulatory approvals and any consequent changes in shareholding pattern.