With reference to the captioned subject and in terms of the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time ....
Awaiting price reaction for this filing.
The Board of B J Duplex Boards Limited approved four key resolutions on April 8, 2026. First, the authorised share capital will be increased from ₹12 crore to ₹25 crore by creating an additional 13 crore equity shares of ₹1 each. Second, the company will acquire 87.91% of Prabhatam Infrastructure Limited for ₹14.40 crore through a share swap arrangement, issuing 14.40 crore new shares at ₹1 each to PIL shareholders. Third, a preferential issue of 6 crore equity shares at ₹1 each will be made to public allottees for cash, raising up to ₹6 crore. Finally, an EGM has been scheduled for May 8, 2026 to seek shareholder approvals for these proposals. The acquisitions are aimed at expanding the company's infrastructure and EPC business.
The share issuances will significantly dilute existing shareholders—potentially over 200% based on new shares relative to current capital. The acquisition of PIL (turnover ₹11.46 crore in FY25) diversifies the company into infrastructure development and will consolidate PIL's financials. The large preferential issues to promoters and public may exert downward pressure on the stock price in the near term.