Prabhatam Infra issue: 20.25 crore shares allotted in 2026

Board approves preferential allotment under Regulation 30

Prabhatam Infra Venture Ltd disclosed the outcome of a board meeting held on July 21, 2026, where the board considered and approved a preferential issue of equity shares. The disclosure references Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting started at 6:00 PM and concluded at 7:30 PM on the same day. The filing also records that the disclosure was digitally signed by Mayank Gupta on July 21, 2026 at 19:58:35 (+05:30). A separate timestamp in the provided material shows “Jul 22, 2026, 1:34 AM IST” against the allotment-related announcement.

Two tranches: share swap and cash consideration

The board approved equity share allotments through two routes. One part was on a preferential basis for non-cash consideration (share swap). The other part was a preferential allotment for cash consideration.

Both tranches were allotted at an issue price of Re 1 per equity share, and each share has a face value of Re 1. The combined allotment totals 20,25,10,350 equity shares.

Share swap allotment: key allottees and promoter participation

Under the share swap (preferential basis, non-cash consideration), the company allotted 14,40,10,350 equity shares. The allottees listed include promoter and promoter group entities as well as one public-category allottee.

The swap allotment to promoter and promoter group members is shown as:

• Mayank Gupta (Promoter and Promoter Group): 1,48,50,000 shares
• Prabhatam Investment Private Limited (Promoter and Promoter Group): 11,92,60,350 shares
• Kusum Gupta (Promoter and Promoter Group): 49,50,000 shares

The material also lists a public-category allottee under the share swap route:

• Shakuntala Rani (Public): 49,50,000 shares

In aggregate terms stated in the material, promoter group holding increased through a share swap allotment of 13,90,60,350 shares.

Cash allotment: 20 public-category allottees

For cash consideration, the company allotted 5,85,00,000 equity shares on a preferential basis to 20 allottees in the public category.

The list provided in the material includes several larger and smaller allocations, including:

• RRKK Media Private Limited: 1,85,00,000 shares
• Farangi Lal Kansal: 48,00,000 shares
• Tarun Aggarwal: 35,00,000 shares
• Mukesh Mittal: 30,00,000 shares
• Shyam Lal Mittal: 30,00,000 shares
• Babita Mittal: 35,00,000 shares
• Ria Arya: 22,00,000 shares
• Siddharth Arya: 22,00,000 shares
• Renu Aggarwal: 70,00,000 shares (across two entries)

The material also mentions multiple Jain family members (Pramod Kumar Jain, Vinita Jain, Pranidhi Jain, Aryaman Jain) with 12,50,000 shares each, and smaller allotments (2,00,000 shares each) to Pavni Singla, Pranav Singla, Minni Kansal, Chinmaya Kansal, and Ripul Kansal.

Post-allotment share capital and issue pricing

Following the allotment, the paid-up equity share capital is disclosed as ₹22,15,38,850, comprising 22,15,38,850 equity shares of Re 1 each. The issue price for both the share swap and cash allotments is stated as Re 1 per equity share.

The material characterises this as a significant increase in share capital from a pre-allotment base that is not specified in the same set of points. Separately, the company profile section in the same material lists “Present Equity Capital” at ₹0.52 crore and “Number of Shares” at 51.81 crore (face value ₹1), which sits alongside the post-allotment paid-up capital figure cited in the allotment disclosure.

Shareholding snapshot: promoters 68.84%, no institutional holding shown

The snapshot shared in the material shows promoter holding at 68.84% as of 07-2026. Retail investors are shown at 31.16% in the same snapshot.

The same shareholding view explicitly states FII shareholding at 0% and DII shareholding at 0%. The text also notes that, based on this snapshot, there is no institutional participation recorded.

Beyond category splits, the material lists the “Promoter with highest holding” as Prabhatam Investments Private Limited at 55.71%. The “Highest Public shareholder” is listed as Sandesh Jaju at 5.26%.

Background: EGM name change and authorised capital increase

The material states that BJ Duplex Boards Limited shareholders approved a name change to Prabhatam Infraventure Limited at an Extra Ordinary General Meeting held on May 8, 2026. Alongside the name change, the EGM authorised an increase in authorised share capital from ₹12 crore to ₹25 crore.

The same set of points notes that the proposed name change and the preferential share issuance are subject to necessary regulatory approvals.

A numeric detail in the EGM-related section indicates a plan to issue up to 20,40,10,350 equity shares through a preferential basis and share swap. The breakdown mentioned includes approximately 14.4 crore shares via preferential basis or share swap with Prabhatam Infrastructure Limited, plus an additional 6 crore shares to the public.

Earlier preferential issue in 2025 and open offer trigger

The material also describes a prior preferential issue approved through a postal ballot. A special resolution passed on March 26, 2025 approved the issue and allotment of up to 1,41,00,000 equity shares of face value ₹1 each to persons in the non-promoter category for cash consideration, at an issue price of ₹1 per share, under SEBI ICDR Regulations, 2018.

The text further states that after a board meeting held on February 20, 2025, an open offer requirement was triggered for Prabhatam Investments Private Limited and Mayank Gupta (described there as acquirers belonging to the public category). The open offer size is stated as up to 49,47,410 equity shares, representing 26% of the “emerging” equity shares and voting capital, at an offer price of ₹1 per share. The “emerging equity and voting share capital” is defined as 1,90,28,500 equity shares post-allotment.

The board is stated to have allotted 1,41,00,000 equity shares on May 22, 2025 to the allottees on a preferential basis. The material also states the funds raised through this issuance were utilised as per the objects stated in the explanatory statement of the postal ballot completed on March 26, 2025, with no deviation or variation.

What this disclosure changes for investors

The July 2026 allotment expands the equity base to 22,15,38,850 shares, as per the post-allotment paid-up capital disclosed. Investors tracking dilution and ownership changes typically focus on the split between promoter and public holdings, and the identity of large allottees under preferential issues.

In this case, the material explicitly indicates a promoter group increase through the share swap allotment and a public-category increase through the cash allotment plus the public-category swap allotment. The shareholding snapshot included in the same material continues to show no FII or DII holding recorded at the time of the snapshot.

Key numbers at a glance

Company profile context in the material

The company description in the material indicates that Prabhatam Infra Venture Ltd develops and executes infrastructure and real estate projects. The scope described includes construction, project development, land acquisition, and related services, while exploring opportunities across the infrastructure sector.

Separate registrar and corporate contact details are also included in the material, alongside additional educational content on preferential issue rules and lock-in conditions.

Conclusion

The July 21, 2026 board outcome disclosure documents a preferential allotment of 20,25,10,350 equity shares at Re 1, split between a large share swap tranche and a cash tranche to public-category allottees, taking paid-up capital to ₹22,15,38,850. The broader context in the material includes the May 8, 2026 EGM approvals for a name change to Prabhatam Infraventure Limited and an authorised capital increase to ₹25 crore, both stated as subject to necessary regulatory approvals.