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

Bijoy Hans Limited announced a significant shift in its management and control. Although its open offer for 19.50 lakh shares received no tender responses, the new acquirers officially assumed control. As a result, the Board has been reconstituted: Mr. Kaushal Uttam Shah is now Chairman and Managing Director, with two new independent directors joining. Several former directors and the CFO have resigned, and new statutory and secretarial auditors were appointed. The company also approved the financial results for the quarter and confirmed that the Rs 5.625 Cr raised from a preferential issue was utilized as planned for business expansion and working capital. The 40th Annual General Meeting is scheduled for August 25, 2025.