Prabhatam Infra Venture Limited has entered into a partnership with Swastik Agro Fresh LLP, securing a controlling interest in the entity through a cash contribution.

The Board of Directors approved the admission of the company as a Body Corporate Partner during its meeting held on September 16, 2026. The move aligns with the company's objectives to participate in real estate development and allied activities.

Transaction Details

Prabhatam Infra contributed ₹3,16,21,000 in cash to acquire a 63.24% partnership interest in Swastik Agro Fresh LLP. The total capital contribution of the LLP stands at ₹5,00,00,000.

Business Scope and Governance

Swastik Agro Fresh LLP is engaged in real estate development, including land acquisition, construction of residential, commercial, and industrial projects, leasing, sales, and joint ventures.

Mayank Gupta, Whole Time Director of Prabhatam Infra, will serve as the nominee and authorised representative for the company in the LLP. The board noted that no specific regulatory approval is required beyond statutory LLP filings.

The transaction is not classified as a related-party transaction, and the promoters or group companies have no disclosed interest in the entity.

Prabhatam Infra Venture Limited (formerly B J Duplex Boards Limited) resubmitted its corporate announcement regarding the resignation of its statutory auditor, M/s. V.R. Bansal & Associates, on August 17, 2026. The revised filing was necessitated by an observation from the Bombay Stock Exchange (BSE) that the initial announcement submitted on August 13, 2026, did not include all required details prescribed under the SEBI Circular dated January 30, 2026, read with the requirements specified under the SEBI Circular dated October 18, 2019.

The company notified the BSE pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In its letter to the exchange, Mayank Gupta, Whole Time Director, stated that the revised disclosure should be treated as a fresh submission in continuation of the earlier corporate announcement dated August 13, 2026.

Auditor Resignation Details

The statutory auditor, based in Noida, cited personal reasons for its decision to step down. The resignation is effective immediately from August 13, 2026, marking the end of the firm's tenure as the company's statutory auditors. The firm confirmed that it has communicated the reasons for resignation to the company and that the information provided is true, correct, and complete to the best of its knowledge. Additionally, the resignation letter noted that it is subject to the clearance of professional dues.

Key details from the auditor's declaration include:

Regulatory Compliance and Declarations

The disclosure includes the mandatory information and declaration furnished by the resigning auditor as required under Schedule III of the regulations. The firm explicitly stated that there are no material reasons other than those disclosed which resulted in the resignation.

Crucially, the statutory auditor declared that there were no concerns, including disagreements with management, regarding accounting treatment, disclosure, or any other matter that resulted in the resignation. This confirmation helps rule out any potential governance red flags or financial reporting disputes often associated with sudden auditor exits.

According to the annexure provided in the resubmission, V.R. Bansal & Associates was appointed as Statutory Auditor on April 1, 2024, with a term scheduled to expire on March 31, 2029. The latest audit report was submitted on August 11, 2026. The firm confirmed that no efforts were made to approach the Audit Committee or Board of Directors prior to resignation regarding any concerns, as none existed.

The company is expected to appoint a new statutory auditor in accordance with applicable laws and regulations.