Bijoy Hans Limited received BSE listing approval for 4,05,21,836 equity shares of Rs. 10 each issued at Rs. 12.50 per share on preferential basis to promoters and non-promoters. The approval was granted on April 02, 2026, with shares bearing distinctive numbers from 75,00,022 to 4,80,21,857. BSE has outlined specific compliance requirements including NSDL/CDSL confirmations and potential NSE approval before granting trading approval, with a seven-day timeline for trading approval application as per SEBI regulations.

Bijoy Hans Limited Receives BSE Listing Approval for 4.05 Crore Equity Shares Issued on Preferential Basis

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:

Parameter: Details Number of Shares: 4,05,21,836 Face Value: Rs. 10 per share Premium: Rs. 2.50 per share Issue Price: Rs. 12.50 per share Distinctive Numbers: 75,00,022 to 4,80,21,857 Allottees: Promoters and non-promoters

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.

Name Change Process: Details Current Name: Bijoy Hans Limited Previously Approved Name: Arvaya Healthtech Limited (to be withdrawn) Proposed New Name: Arvaya Healthcare Limited Regulatory Approval: Ministry of Corporate Affairs approved

Financial Authorization Enhancements

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

Financial Authorizations: Proposed Limits Legal Framework Borrowing Limits: ₹200 crores Section 180(1)(c) of Companies Act, 2013 Loans, Guarantees & Investments: ₹200 crores Section 186 of Companies Act, 2013 Related Party Transactions: ₹100 crores Section 185 of Companies Act, 2013

Leadership Structure Changes

Significant executive appointments and remuneration revisions require shareholder approval:

Leadership Changes: Details Monthly Remuneration Managing Director Kaushal Shah: Remuneration revision ₹10.00 lakhs Salil Shetty: Non-Executive to Executive Director & CEO ₹10.00 lakhs Tenure: CEO appointment period April 1, 2026 to March 31, 2031

Capital Structure Expansion

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

Capital Structure: Current Proposed Authorized Share Capital: ₹60 crores ₹200 crores Equity Shares: 6 crore shares of ₹10 each 20 crore shares of ₹10 each Articles of Association: Existing framework Updated for Companies Act, 2013 compliance

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.

Voting Schedule: Date & Time Cut-off Date: March 13, 2026 E-voting Commencement: March 21, 2026 at 9:00 AM IST E-voting Conclusion: April 19, 2026 at 5:00 PM IST Result Declaration: On or before April 21, 2026

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.

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