Fundraising, Acquisitions8 April 2026 at 02:37 pm
BJ Duplex Boards Ltd: Board Approves Capital Increase, Acquisition of Prabhatam Infrastructure, and Fundraising
AI Summary
BJ Duplex Boards Ltd announced the outcomes of their board meeting on April 08, 2026. The board approved an increase in the authorized share capital from ₹ 12,00,00,000/- to ₹ 25,00,00,000/-. The board also approved the acquisition of 87.91% equity shares of Prabhatam Infrastructure Limited for a total purchase consideration of ₹ 14,40,10,350/-. Furthermore, the board approved a fundraising by way of preferential issue of up to 6,00,00,000 equity shares for cash, to the public category allottees.
Key Highlights
- Authorized share capital increase from ₹ 12,00,00,000/- to ₹ 25,00,00,000/-
- Acquisition of 87.91% equity shares of Prabhatam Infrastructure Limited for ₹ 14,40,10,350/-
- Fundraising by way of preferential issue of up to 6,00,00,000 equity shares for cash
- Payment for acquisition to be made through share swap of up to 14,40,10,350 equity shares of B J Duplex Boards Limited
- Preferential issue of up to 14,40,10,350 equity shares to promoter & promoter group and non-promoter allottees