BJ Duplex Boards Limited has announced a board meeting to allot 1.31 crore equity shares on a preferential basis, resulting in a change of control.

Mr. Mayank Gupta and Mr. Subhash Sahu have been appointed to the board, with Prabhatam Investments Private Limited and Mayank Gupta acquiring majority control holding 68.84% combined.

Consequently, the entire erstwhile promoter group has been reclassified as public shareholders.

This shift marks a significant change in the company’s ownership structure, impacting governance and strategic direction.