BJ Duplex Boards Limited has scheduled an Extraordinary General Meeting (EGM) for May 08, 2026, at 12:00 P.M. (IST) through video conferencing to approve major corporate restructuring initiatives that will transform the company's capital structure and business focus. The company has submitted newspaper advertisement to BSE on April 16, 2026, confirming the EGM details published in Financial Express (English) and Jansatta (Hindi) newspapers.

Authorized Share Capital Enhancement

The company proposes to significantly expand its authorized share capital to support future growth plans. The board seeks shareholder approval to increase the authorized capital from the current ₹12,00,00,000 divided into 12,00,00,000 equity shares of ₹1 each to ₹25,00,00,000 divided into 25,00,00,000 equity shares of ₹1 each. This expansion involves creating an additional 13,00,00,000 equity shares.

Preferential Share Issuances

The company plans two significant preferential share issues totaling ₹20,40,10,350. The first involves issuing up to 14,40,10,350 equity shares through a share swap arrangement with Prabhatam Infrastructure Limited (PIL) shareholders. Under this arrangement, the company will acquire up to 1,45,465 fully paid equity shares of PIL at ₹990 per share, paying through the issuance of new equity shares at ₹1 each.

The second preferential issue comprises up to 6,00,00,000 equity shares for cash consideration at ₹1 per share, raising ₹6,00,00,000. The proceeds will be utilized for investing ₹4,80,00,000 in group company Prabhatam Buildwell Limited for upgrading Prabhatam Grand Mall in Dhanbad, with the remaining ₹1,20,00,000 allocated for general corporate purposes.

Corporate Identity Transformation

The board proposes changing the company name from "BJ Duplex Boards Limited" to "Prabhatam Infraventure Limited" to reflect its strategic shift toward infrastructure development. This rebranding aligns with the company's expansion from duplex board manufacturing into infrastructure and real estate development sectors.

The company will also adopt a new Memorandum of Association with revised business objects encompassing:

• Infrastructure development and real estate projects
• Construction and project management services
• Property leasing and commercial space management
• Consultancy services in infrastructure planning
• Investment and trading activities

Shareholding Impact

Post-completion of both preferential issues, the company's shareholding structure will undergo significant changes. Promoter shareholding will increase from 1,31,00,000 shares (68.84%) to 15,21,60,350 shares (68.22%), while public shareholding will expand from 59,28,500 shares (31.16%) to 7,08,78,500 shares (31.78%).

Meeting and Voting Details

The EGM will be conducted exclusively through video conferencing in compliance with regulatory guidelines. Shareholders can participate in remote e-voting from May 05, 2026 (9:00 A.M.) to May 07, 2026 (5:00 P.M.), with the record date set as May 01, 2026. The company has appointed Parveen Rastogi as the scrutinizer to oversee the voting process.

All proposed resolutions require special resolution approval except for the authorized capital increase, which needs ordinary resolution approval. The initiatives represent a comprehensive transformation strategy positioning the company for growth in India's expanding infrastructure sector.

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.