Bijoy Hans Ltd — Updates, 28-07-2025: Company Update

Bijoy Hans Limited's Board approved the unaudited financial results for the quarter ended June 30, 2025. Following a change in company control via an open offer (which received no tenders), a significant management overhaul is underway. Mr. Kaushal Uttam Shah is now Chairman and Managing Director, while two new independent directors, Mr. Brijesh Jugalkishor Biyani and Mr. Rahul Ravindra Mayur, have been appointed. The company also saw multiple director resignations, a new CFO (Mr. Abhiram R), and a new statutory auditor (Khire Khandekar J Kirloskar). The company recently raised Rs 5.625 Cr through a preferential issue, with no reported deviation in fund usage. These changes mark a new leadership era for the company.