BJ Duplex Boards Ltd Approves Capital Enhancement, Major Acquisition, and Fund Raising
On April 8, 2026, the Board of Directors of B J Duplex Boards Limited approved several significant corporate actions, including an increase in authorized share capital, the acquisition of a majority stake in M/s Prabhatam Infrastructure Limited, and plans for two separate preferential issues.The Board meeting commenced at 5:00 PM (IST) and concluded at 6:15 PM (IST).
Increase in Authorized Share Capital
The Company resolved to increase and alter its Authorized Share Capital. The capital is proposed to increase from ₹ 12,00,00,000 (Rupees Twelve Crore Only), comprising 12,00,00,000 (Twelve Crore) equity shares of ₹ 1 (Rupee One Only) each, to ₹ 25,00,00,000 (Rupees Twenty-Five Crore Only). This enhancement involves the creation of an additional 13,00,00,000 (Thirteen Crore) equity shares of ₹ 1 each, which necessitates a consequent alteration of the Capital Clause (Clause V) of the Company's Memorandum of Association, pending member approval.The proposed amendment to the Memorandum of Association sets the Authorized Share Capital at ₹ 25,00,00,000 (Rupees Twenty-Five Crore Only), divided into 25,00,00,000 (Twenty-Five Crore) equity shares of ₹ 1 (Rupee One Only) each.
Acquisition of Prabhatam Infrastructure Limited Shares
Subject to shareholder approval and other necessary statutory clearances, the Board approved the acquisition of 87.91% of the fully paid-up equity share capital of M/s Prabhatam Infrastructure Limited.The total Purchase Consideration for this acquisition is ₹ 14,40,10,350 (Rupees Fourteen Crore Forty Lakh Ten Thousand Three Hundred and Fifty Only). This consideration will be discharged through a Share Swap involving the issuance of up to 14,40,10,350 fully paid-up equity shares of B J Duplex Boards Limited. These shares, having a face value of Re. 1 (Rupee One Only) each, will be issued to the existing shareholders of the Target Company at an acquisition price of ₹ 990/- each.
The details of the target entity, M/s Prabhatam Infrastructure Limited, show that it was incorporated on July 15, 2005. The Company's post-acquisition holding in Prabhatam Infrastructure Limited would be 87.91%. This acquisition is intended to enable the Company to exercise greater control and facilitate the consolidation of financial statements, aligning with the objective to expand the infrastructure business.
The financial background of M/s Prabhatam Infrastructure Limited shows the following turnover:
| Financial Year | Turnover in Cr. |
|---|---|
| 2024-25 | 11.46 |
| 2023-24 | 18.26 |
| 2022-23 | 26.13 |
Preferential Issues Approved
The Board approved two separate preferential issues, both subject to shareholder approval.Share Swap Issue
A Preferential Issue of up to 14,40,10,350 Equity Shares of B J Duplex Boards Limited was approved. This issue is structured as a Share Swap for consideration other than cash, at an issue price of Re. 1 (Rupee One Only).The allotted shares are distributed among the following proposed allottees:
| Name of the Proposed Allottee | Category | No. of Equity Shares (Up to) |
|---|---|---|
| Mayank Gupta | Promoter & Promoter Group | 1,48,50,000 |
| Prabhatam Investment Private Limited | Promoter & Promoter Group | 11,92,60,350 |
| Kusum Gupta | Promoter & Promoter Group | 49,50,000 |
| Shakuntla Rani | Public | 59,28,500 |
| Total | Total | 14,40,10,350 |
Cash Preferential Issue
Separately, the Board approved the issuance and allotment of up to 6,00,00,000 (Six Crore) Equity Shares of face value of ₹ 1 (Rupee One Only) each for cash. This issue is directed toward persons/entities belonging to the 'Public' Category at an issue price of ₹ 1 (Rupee One Only), aggregating up to ₹ 6,00,00,000 (Rupees Six Crore Only).The proposed allottees for this cash issue are as follows:
| Name of the Proposed Allotees | Category | No. of Equity Shares (Up to) |
|---|---|---|
| Yathaarth Kansal | Public | 48,00,000 |
| Farangi Lal Kansal | Public | 48,00,000 |
| Ria Arya | Public | 22,00,000 |
| Siddharth Arya | Public | 22,00,000 |
| Pavni Singla | Public | 2,00,000 |
| Pranav Singla | Public | 2,00,000 |
| Minni Kansal | Public | 2,00,000 |
| Chinmaya Kansal | Public | 2,00,000 |
| Ripul Kansal | Public | 2,00,000 |
| Tarun Aggarwal | Public | 35,00,000 |
| Mukesh Mittal | Public | 30,00,000 |
| Renu Aggarwal | Public | 35,00,000 |
| Renu Aggarwal | Public | 35,00,000 |
| Babita Mittal | Public | 35,00,000 |
| Shyam Lal Mittal | Public | 30,00,000 |
| RRKK Media Private Limited | Public | 2,00,00,000 |
| Pramod Kumar Jain | Public | 12,50,000 |
| Vinita Jain | Public | 12,50,000 |
| Pranidhi Jain | Public | 12,50,000 |
| Aryaman Jain | Public | 12,50,000 |
| Total | Total | 6,00,00,000 |
In conjunction with the cash issue, the Board also constituted a Preferential Issue Committee and approved a draft notice for an Extra-Ordinary General Meeting scheduled for May 8, 2026, to seek necessary approvals.
Stock Price Movement
At the close of trade on Monday, BJ Duplex Boards Ltd settled at ₹21.73, posting no change for the session. The shares traded completely flat throughout the day, remaining locked at the ₹21.73 price point.Source:
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