Kapil Raj Finance Ltd · BSE 539679 · market cap ≈ ₹34 Cr at last filing
Reverse merger / sector pivot: Henyo Pack's Agarwal family acquires control of listed NBFC shell via share-swap, pivoting to flexible packaging — open offer at ₹2.24 with major dilution and disclosure gaps
Tracking since 2026-08-26 · 6 filings analysed · last filing 2026-10-08 · analysis updated 2026-09-22
Change of objectsReverse mergerAccumulationPromoter transition
Structural change first flagged 2026-09-21 · stock +11% since
The full analysis names the people and entities involved with their documented history, shows where the filed facts lean for minority shareholders, and keeps tracking the situation as new filings arrive.
Filing timeline (from BSE disclosures)
2026-09-21Acquisition
2026-09-21Acquisition
2026-09-21Open offer
2026-09-21Acquisition
2026-08-26Board change
Common questions (from the filings record)
What special situation is unfolding at Kapil Raj Finance Ltd?
Reverse merger / sector pivot: Henyo Pack's Agarwal family acquires control of listed NBFC shell via share-swap, pivoting to flexible packaging — open offer at ₹2.24 with major dilution and disclosure gaps. Based on 6 BSE filings analysed; last filing 2026-10-08.
Who is involved at Kapil Raj Finance Ltd?
People named in the analysed filings include Arpit Agarwal, Neeraj Jindal, Amit Balkrishna Ghume, Gursharandeep Kaur, Harit Anand and Mrs. Santosh Rani.
When did Special Situations Bench first flag Kapil Raj Finance Ltd?
Special Situations Bench first flagged structural change on 2026-09-21. The stock has moved +11% since, adjusted for splits and bonuses. Winners and losers are shown alike — this is not a recommendation.
What flagged situations did next — a young track record
68%
of 72 flagged situations whose first 90 days completed were higher after the triggering filing
+10.3%
median 90-day move (mean +36.6%)
1 in 14 >2×
of 1,138 situations in a 2023–25 hindsight scan at least doubled within a year
Observational record, not performance of any portfolio. Live figures from 1 March 2026, measured as of 9 September 2026; the one-year set was identified in hindsight and is labelled as such. Moves are closing-price changes adjusted for splits and bonuses. Past movement does not indicate future movement.
What the Special Situations Bench is
The Bench scans every BSE corporate disclosure daily for event-driven special situations in Indian small- and micro-cap stocks — preferential allotments, open offers, changes of control, reverse mergers, accumulation by notable investors, debt settlements, capacity expansion and more.
Situations are flagged as the filings cluster — before they become stories — and every flagged situation is tracked against what the stock did next, winners and losers alike.
The full analysis connects the dots: what the filings add up to, the people and companies involved — with their documented history and a connections graph of how they link across other listed companies — and where the facts lean for minority shareholders.
situations.humdingerhq.ai is not a SEBI-registered research analyst.
Nothing here is investment advice or a recommendation. Observations are drawn from public exchange disclosures.