Bijoy Hans Limited has secured listing approval from BSE for its preferential issue of equity shares, marking a significant corporate development for the company. The approval encompasses a substantial number of shares issued to both promoters and non-promoters.

Share Issue Details

The company received BSE's formal approval for listing 4,05,21,836 equity shares through a preferential allotment. The key parameters of this share issue are presented below:

Regulatory Compliance and Approval Process

BSE granted the listing approval vide letter reference LOD/PREF/DA/FIP/17/2026-27 dated April 02, 2026. The company communicated this development to BSE on April 03, 2026, in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The exchange has emphasized compliance with Regulation 167 of SEBI (ICDR) Regulations and other SEBI specifications. Additionally, if the change exceeds two percent of the total paid-up share capital, the company must file the shareholding pattern in XBRL mode as required under Regulation 31(1)(c) of SEBI LODR Regulations, 2015.

Trading Approval Requirements

BSE has specified several prerequisites before granting trading approval for the newly listed shares:

• Listing approval from National Stock Exchange of India Ltd. (if applicable)
• Confirmation letters from NSDL/CDSL regarding crediting shares to beneficiary accounts
• Confirmation about admitting the capital to the depository system
• Confirmation letters regarding lock-in of pre-preferential holding (if applicable)

Timeline and Compliance Obligations

According to SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, listed entities must apply for trading approval within seven working days from the date of listing approval grant. Non-compliance with this requirement will attract penalties as specified in the circular.

The approval letter was signed by Marian D'souza, Assistant Vice President, and Dhananjay Apte, Deputy Manager at BSE, confirming the exchange's formal consent for the listing of these preferential shares.

Bijoy Hans Limited issued a comprehensive postal ballot notice on March 19, 2026, seeking shareholder approval for multiple corporate restructuring initiatives previously approved by the board of directors on March 17, 2026. The notice outlines nine special resolutions requiring member consent through electronic voting.

Corporate Name Change Process

The company is pursuing a strategic name change from "Bijoy Hans Limited" to "Arvaya Healthcare Limited" to better align with its healthcare business focus. Notably, the postal ballot includes withdrawal of a previously approved name "Arvaya Healthtech Limited" that was sanctioned at an extraordinary general meeting on February 25, 2026.

Financial Authorization Enhancements

The postal ballot seeks approval for substantial increases in financial limits to support business expansion:

Leadership Structure Changes

Significant executive appointments and remuneration revisions require shareholder approval:

Capital Structure Expansion

The company proposes fundamental changes to its authorized share capital structure:

E-Voting Process and Timeline

The postal ballot will be conducted exclusively through electronic voting, with NSDL providing the e-voting platform. Mr. Chinmay Mohan Lele, Practicing Company Secretary (FCS 12351; CP: 28362), has been appointed as Scrutinizer to ensure fair and transparent proceedings.

The postal ballot notice has been sent electronically to shareholders whose email addresses are registered with the company's registrar, Maheshwari Datamatics Private Limited, and depositories NSDL and CDSL. Results will be uploaded on stock exchanges within two working days of conclusion and published on the company website at https://www.bijoyhans.net/ and NSDL's e-voting portal.