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SEBI Filing Confirms ₹0.09cr Revenue from New Infra Business
BJ Duplex Boards Limited has filed a SEBI Regulation 45(1) certificate with BSE, confirming that all its revenue for the fiscal year 2025-2026 was generated from new business activities. This revenue amounted to ₹8.50 lakh, or ₹0.09 crore. The company also noted an earlier omission, apologizing for not attaching this certification to the notice for the upcoming Extra-Ordinary General Meeting (EGM).
Strategic Pivot to Infrastructure
This filing supports the company's significant strategic pivot from its traditional paper and paperboard manufacturing business. The proposed name change to Prabhatam Infraventure Limited reflects this new direction towards infrastructure development and real estate. To facilitate this transformation, the company plans to increase its authorized share capital and raise funds through a preferential issue. A key part of this plan involves acquiring Prabhatam Infrastructure Limited, marking a definitive entry into the infrastructure sector.
Shareholder Vote on May 8, 2026
Shareholders will vote on the proposed name change at the EGM scheduled for May 8, 2026. Approval will formalize the company's shift to infrastructure and real estate. The SEBI certificate provides regulatory validation for the revenue generated from these new business activities.
Key Risks to Monitor
Investors should note that the SEBI certificate is based on unaudited financial figures, relying on management's information without independent verification, which could pose a risk if later discrepancies arise. Furthermore, the company faces challenges from its history of financial losses, increasing net debt, and a low interest coverage ratio, which could affect its ability to execute the new strategy.
Market Position
Historically operating in the paper sector alongside companies like JK Paper and West Coast Paper, BJ Duplex Boards Ltd. now faces a new competitive landscape. With a current market capitalization of approximately ₹43.4 crore, it operates within the small-cap segment of the market.
What to Watch Next
Key developments to monitor include the outcome of the shareholder vote at the May 8 EGM, formal submissions of the EGM results to regulators, progress on the acquisition of Prabhatam Infrastructure Limited, and future financial reports reflecting the performance of the new infrastructure business.