Bijoy Hans Limited Schedules Board Meeting for March 17, 2026 to Consider Name Change and Corporate Restructuring

1 min read Updated on 12 Mar 2026, 11:08 PM

Reviewed by

Radhika SScanX News Team

Overview

Bijoy Hans Limited has scheduled a board meeting for March 17, 2026, to consider significant corporate matters including company name change, borrowing limits revision, and executive remuneration adjustments. The agenda covers leadership changes with Salil Shetty's designation shift to Executive Director and CEO, along with remuneration revisions for Managing Director Kaushal Shah and CFO Abhiram Ranganath. The board will also address governance matters including new Articles of Association adoption, authorized share capital increase, and postal ballot process arrangements.

*this image is generated using AI for illustrative purposes only.

Bijoy Hans Limited has informed stock exchanges about a crucial board meeting scheduled for March 17, 2026, where directors will consider multiple strategic corporate decisions. The company has issued a formal notice to the Bombay Stock Exchange and The Calcutta Stock Exchange Limited under Regulation 29 of SEBI Listing Regulations.

Key Agenda Items

The board meeting will address several significant corporate restructuring matters that require regulatory and shareholder approvals:

Agenda Item	Details
Company Name Change	Proposal for change in company name, subject to member and regulatory approvals
Borrowing Limits	Increase in Board borrowing limits under Section 180 of Companies Act, 2013
Financial Authorizations	Authorization for loans, guarantees, securities, and investments under Section 186
Related Party Transactions	Authorization for advances, loans, guarantees under Section 185

Executive Leadership Changes

The board will deliberate on important leadership and remuneration matters affecting key executives:

Remuneration Revision: Managing Director Kaushal Shah's compensation package will be reviewed and revised, subject to necessary approvals
CFO Compensation: Chief Financial Officer Abhiram Ranganath's remuneration will also undergo revision
Leadership Transition: Salil Shetty's designation will change from Non-Executive Director to Executive Director and Chief Executive Officer, pending required approvals

Corporate Governance Matters

The meeting agenda encompasses several governance and structural changes:

Corporate Action	Purpose
Articles of Association	Adoption of new set aligned with Companies Act, 2013 provisions
Authorized Share Capital	Increase in capital and consequential Memorandum alteration
Postal Ballot Process	Consideration and approval of postal ballot procedures
Scrutinizer Appointment	Selection of scrutinizer for postal ballot process

Regulatory Compliance

The notice, dated March 12, 2026, was signed by Guinea Agrawal, Company Secretary and Compliance Officer, from Pune. The communication ensures compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, providing advance notice to stakeholders about the significant corporate decisions under consideration.

The comprehensive agenda reflects the company's strategic focus on organizational restructuring, financial flexibility enhancement, and governance framework modernization. All proposed changes requiring member approval will be subject to appropriate shareholder consent processes.

Bijoy Hans Limited Board Withdraws Approved Name Change, Proposes New Alternatives

2 min read Updated on 11 Mar 2026, 04:23 PM

Reviewed by

Suketu GScanX News Team

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Overview

Bijoy Hans Limited's Board of Directors met on March 11, 2026, to withdraw the previously approved name change to 'Arvaya Healthtech Limited' due to revised strategic business decisions. The withdrawn proposal had received approvals from the Ministry of Corporate Affairs and shareholders at an Extraordinary General Meeting on February 25, 2026. The board subsequently approved new proposals to change the company name to 'Arvaya Healthcare Limited' or 'Arvaya Healthcare and Wellness Limited,' subject to shareholder and statutory authority approvals.

*this image is generated using AI for illustrative purposes only.

Bijoy Hans Limited announced significant developments regarding its corporate name change strategy following a board meeting held on March 11, 2026. The company's Board of Directors made crucial decisions that reflect evolving business priorities and strategic direction.

Board Meeting Details and Key Decisions

The Board of Directors convened on March 11, 2026, at shorter notice, with the meeting commencing at 3:00 P.M. and concluding at 4:00 P.M. The session addressed two primary agenda items related to the company's proposed name changes.

Meeting Parameter:	Details
Date:	March 11, 2026
Duration:	3:00 P.M. to 4:00 P.M.
Notice Type:	Shorter notice
Regulatory Framework:	Regulation 30 of SEBI Listing Regulations

Withdrawal of Previously Approved Name Change

The board formally approved the withdrawal of the proposed name change to 'Arvaya Healthtech Limited.' This name change had previously received comprehensive approvals through multiple stages of the regulatory process. The Ministry of Corporate Affairs had approved the name through RUN (Reserve Unique Name) Application bearing SRN: AC1508469, and shareholders had subsequently endorsed the proposal at an Extraordinary General Meeting held on February 25, 2026.

The company attributed this withdrawal to revised strategic business decisions by the management, indicating a shift in the organization's strategic direction and business focus.

New Name Change Proposals

Following the withdrawal, the board approved fresh proposals for changing the company's corporate identity. The new proposals involve changing the name from 'Bijoy Hans Limited' to alternative options that better align with the company's revised strategic vision.

Proposed Names:	Status
Arvaya Healthcare Limited:	Primary proposal
Arvaya Healthcare and Wellness Limited:	Alternative proposal
Other suitable names:	Subject to ROC approval

Regulatory Compliance and Next Steps

The proposed name changes remain subject to approval from shareholders and other applicable statutory authorities. The company will need to navigate the regulatory approval process, including obtaining consent from the Registrar of Companies for the final name selection.

Bijoy Hans Limited, incorporated with CIN L86100AS1985PLC002323, communicated these developments to both BSE Limited and The Calcutta Stock Exchange Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Managing Director Kaushal Uttam Shah, reflecting the board's commitment to maintaining transparency with stakeholders and regulatory authorities.