Bijoy Hans Limited's Board announced a major shake-up driven by an open offer for up to 19.50 lakh equity shares at Rs 12.50 per share, which resulted in a change of management control despite zero shares tendered. This triggered a board overhaul: Mr. Kaushal Uttam Shah is the new Chairman & MD. Several directors and the CFO have resigned, replaced by new independent directors and a CFO. Statutory auditors also changed, and committees are reconstituted. The company approved financial results for the quarter and confirmed full utilization of Rs 5.625 Cr from a preferential issue for business expansion. An Annual General Meeting will be convened.