B J Duplex Boards Limited has issued a corrigendum to correct a typographical error in its board meeting outcome dated April 08, 2026, regarding the preferential issue of equity shares. The correction pertains to the share allocation details in the company's major acquisition and capital expansion plans.

Major Acquisition Through Share Swap

The board had approved the acquisition of 87.91% equity stake in Prabhatam Infrastructure Limited for a total consideration of ₹14,40,10,350. The transaction will be executed through a share swap mechanism, involving the acquisition of 1,45,465 fully paid-up equity shares of PIL at ₹990 per share.

Prabhatam Infrastructure Limited, incorporated on July 15, 2005, operates in infrastructure development, engineering, procurement and construction (EPC), and related consultancy services. The company reported a turnover of ₹11,46,10,326 for the period ended March 31, 2025.

Corrected Share Swap Allotment Details

The corrigendum specifically addresses an inadvertent typographical error in the number of equity shares proposed to be issued to Ms. Shakuntla Rani. The correction reduces her allocation from 59,28,500 shares to 49,50,000 equity shares in the preferential issue by way of share swap.

Authorized Capital Enhancement

The board approved a substantial increase in authorized share capital from ₹12 crore to ₹25 crore. This expansion involves creating an additional 13 crore equity shares of ₹1 each, requiring shareholder approval for the consequent amendment to the Memorandum of Association.

Cash-Based Preferential Issue

The company has also approved a cash-based preferential issue of up to 6,00,00,000 equity shares at ₹1 per share, raising ₹6,00,00,000 from 20 proposed allottees in the public category.

Regulatory Compliance and Timeline

The board has constituted a Preferential Issue Committee to oversee the execution of these initiatives and finalize relevant documentation. An Extraordinary General Meeting has been scheduled for May 08, 2026, to obtain shareholder approval for the proposed preferential issues. The acquisition is expected to be completed within 15 days from the later of either the special resolution approval or receipt of final regulatory approvals.

B J Duplex Boards Limited has announced a major corporate transformation following its Board meeting held on April 04, 2026. The company, currently operating in the paper and boards sector, has approved a comprehensive restructuring plan that includes both a name change and business diversification into infrastructure and real estate.

Board Meeting Outcomes

The Board meeting, which took place at the company's registered office from 5:30 P.M. to 6:00 P.M., resulted in several key decisions that will reshape the company's future direction. The directors considered and approved proposals that mark a significant departure from the company's traditional paper and boards business.

Proposed Name Change

The Board has approved changing the company name from B J Duplex Boards Limited to one of two proposed alternatives. The new names under consideration are Prabhatam Infraventure Limited or Prabhatam Infra Realty Limited. The final selection will depend on availability and approval from the Registrar of Companies.

The company will file an application through the RUN (Reserve Unique Name) facility to secure the proposed name reservation with the Registrar of Companies.

Business Diversification Strategy

Alongside the name change, the Board has approved alterations to the Main Objects Clause of the Memorandum of Association. This modification is designed to align the company's legal framework with its proposed diversification into infrastructure and real estate sectors. The change represents a strategic shift from the company's current focus on paper and boards manufacturing.

The reason for this transformation is explicitly stated as reflecting the company's diversification of business activities into infrastructure and real estate sectors, with the name change intended to align with the new main objects of the company.

Regulatory Approvals Required

The implementation of these changes is subject to multiple regulatory approvals. The company must obtain consent from several authorities before the transformation can take effect:

• Registrar of Companies, Ministry of Corporate Affairs
• BSE Limited
• Company shareholders
• Other regulatory authorities as may be required

The name change will become effective only upon the issuance of a fresh Certificate of Incorporation by the Registrar of Companies. This comprehensive approval process ensures compliance with all regulatory requirements for such significant corporate changes.