NewsB J Duplex Boards EGM: All 5 Resolutions Passed, Name Change to Prabhatam Infraventure Limited ApprovedB J Duplex Boards EGM: All 5 Resolutions Passed, Name Change to Prabhatam Infraventure Limited Approved
B J Duplex Boards Limited held its EGM on 08 May 2026, where all five resolutions were passed with requisite majority as confirmed by the Scrutinizer's Report. Key approvals include an authorized share capital increase from Rs. 12,00,00,000/- to Rs. 25,00,00,000/-, a preferential issue of up to 14,40,10,350 equity shares via share swap with M/s. Prabhatam Infrastructure Limited, a public preferential issue of up to 6,00,00,000 equity shares, a name change to "Prabhatam Infraventure Limited" subject to regulatory approvals, and adoption of a new Memorandum of Association.
*this image is generated using AI for illustrative purposes only.
B J Duplex Boards Limited held an Extra Ordinary General Meeting ("EGM") on Friday, 08 May 2026, at 12:00 P.M. through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM"), pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A total of 15 members attended the meeting, with the requisite quorum present. Mr. Mayank Gupta was elected as Chairman of the meeting with the consent of the members present. Based on the Scrutinizer's Report dated 08 May 2026, all five resolutions set out in the EGM Notice dated 08 April 2026 were duly passed by the members with requisite majority. The meeting concluded at 12:12 P.M.
Key Attendees
The following persons attended the EGM through VC/OAVM:
| Attendee: | Designation |
|---|---|
| Mr. Mayank Gupta | Whole Time Director & Chairman |
| Ms. Pooja | Company Secretary & Compliance Officer |
| Mr. Subhash Sahu | Director |
| Ms. Priyanka Pathak | Independent Director |
| Mr. Pramod Verma | Chief Financial Officer |
| Mr. Parveen Rastogi | Scrutinizer |
| Mr. Mukesh Kumar Puniani | Independent Director |
Strategic Transformation Outlined by Chairman
Mr. Mayank Gupta addressed shareholders and briefed them on the strategic transformation proposed by the management. The key areas covered included diversification into infrastructure and real estate activities, a proposed change in the company's name, an increase in authorized share capital, a preferential issue of equity shares, and a strategic acquisition through a share swap arrangement. The Company Secretary, Ms. Pooja, subsequently briefed members on the agenda items and the e-voting process. Remote e-voting was made available from Tuesday, 05 May 2026 at 9:00 A.M. to Thursday, 07 May 2026 at 5:00 P.M., with further e-voting also facilitated during the meeting itself. The shareholders holding shares as on the cut-off date of Friday, 01 May 2026 were entitled to vote on the resolutions.
Resolutions Transacted at the EGM
Five items of business were transacted at the meeting, as set out in the Notice convening the EGM. The following table summarizes the key resolutions and their outcomes:
| Resolution: | Type | Details | Result |
|---|---|---|---|
| Authorized Share Capital Increase | Ordinary | From Rs. 12,00,00,000/- (12,00,00,000 equity shares of Re. 1/- each) to Rs. 25,00,00,000/- (25,00,00,000 equity shares of Re. 1/- each) | Passed |
| Preferential Issue via Share Swap | Special | Up to 14,40,10,350 equity shares to shareholders of M/s. Prabhatam Infrastructure Limited ("PIL") through share swap | Passed |
| Preferential Issue to Public Category | Special | Up to 6,00,00,000 equity shares to persons/entities in the "Public" category | Passed |
| Name Change | Special | From "B J Duplex Boards Limited" to "Prabhatam Infraventure Limited", subject to regulatory approvals | Passed |
| MOA Adoption & Object Clause Alteration | Special | Adoption of new Memorandum of Association and alteration of the Object Clause of the Company | Passed |
Detailed Voting Results
The Scrutinizer, Mr. Parveen Rastogi, Proprietor of M/s Parveen Rastogi & Co., Practicing Company Secretaries (FCS: 4764 / COP: 26582), submitted his consolidated report on 08 May 2026. The e-voting results were unblocked at the NSDL e-voting platform in the presence of two witnesses, Ms. Sonali and Mr. Basant, who are not in the employment of the company. The following table presents the consolidated voting outcome for all five resolutions:
| Resolution: | Votes in Favour | % in Favour | Votes Against | % Against | Invalid Votes |
|---|---|---|---|---|---|
| Resolution 1 – Capital Increase (Ordinary) | 14,857,262 | 99.9993% | 101 | 0.0007% | 0 |
| Resolution 2 – Share Swap Preferential Issue (Special) | 12,357,262 | 99.9992% | 101 | 0.0008% | 25,00,000* |
| Resolution 3 – Public Preferential Issue (Special) | 14,857,262 | 99.9993% | 101 | 0.0007% | 0 |
| Resolution 4 – Name Change (Special) | 14,857,262 | 99.9993% | 101 | 0.0007% | 0 |
| Resolution 5 – MOA Adoption (Special) | 14,857,262 | 99.9993% | 101 | 0.0007% | 0 |
* For Resolution 2, votes cast by one shareholder (Mr. Mayank Gupta) holding 25,00,000 equity shares were treated as invalid, as he was deemed interested in the resolution. These votes were not considered for determining the result.
Scrutinizer Details and Conclusion
The Scrutinizer's appointment was approved at the Board Meeting held on 08 April 2026, and his report was issued to the company on 08 May 2026. The voting results are to be declared within prescribed timelines and submitted to BSE Limited, NSDL, and uploaded on the company's website. The outcome was communicated to BSE Limited by Ms. Pooja, Company Secretary & Compliance Officer, in her capacity as the authorized signatory for B J Duplex Boards Limited.
| Scrutinizer Detail: | Information |
|---|---|
| Name | Mr. Parveen Rastogi |
| Firm | Parveen Rastogi & Co. |
| Qualification | CS (FCS: 4764 / COP: 26582) |
| Date of Board Appointment | 08 April 2026 |
| Date of Report Issuance | 08 May 2026 |
How will the share swap acquisition of Prabhatam Infrastructure Limited affect B J Duplex Boards' revenue mix and financial performance in the near term?
What regulatory hurdles could delay the name change to 'Prabhatam Infraventure Limited,' and how might prolonged approval timelines impact the company's rebranding strategy?
How will the preferential issue of up to 6 crore equity shares to public category investors influence the company's ownership structure and potential dilution for existing shareholders?
16
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
