BJ Duplex Boards Ltd — Important, 01-01-1970: Company Update

Prabhatam Investments Private Limited and Mr. Mayank Gupta have launched an open offer to acquire up to 49.47 lakh equity shares, or 26.00%, of B J Duplex Boards Limited (BJDBL) at Re. 1 per share. This follows a preferential allotment where the Acquirers secured 68.84% ownership. BJDBL is currently non-operational with negative net worth. The Acquirers aim to acquire management control, start a new business line, and utilize BJDBL's existing listing platform. New directors, including Mr. Mayank Gupta, have been appointed, reclassifying former promoters as public shareholders. The maximum offer consideration is 0.49 crore.