Jolly Plastic Industries Completes Allotment of 1.77 Crore Equity Shares

Jolly Plastic Industries Limited has successfully completed the allotment of 1,77,00,000 equity shares to Bhaum Digital Ventures Private Limited following a board meeting held on April 3, 2026. The allotment was executed through a share swap arrangement with a total consideration of ₹17.70 crore.

Board Meeting Outcome

The board of directors approved the preferential allotment during their meeting that commenced at 4:00 pm and concluded at 4:30 pm on April 3, 2026. The allotment was made on a preferential basis to Bhaum Digital Ventures Private Limited, classified as a non-promoter entity, for consideration other than cash via share swap pursuant to the share purchase agreement dated January 21, 2026.

Parameter: Details Meeting Date: April 3, 2026 Meeting Duration: 4:00 pm to 4:30 pm Shares Allotted: 1,77,00,000 equity shares Face Value: ₹10 per share Total Consideration: ₹17.70 crore Allottee: Bhaum Digital Ventures Private Limited Category: Non-Promoter

Transaction Structure

The allotment represents the completion of a transaction initially approved by the board during their meeting on January 21, 2026. The equity shares of ₹10 each were issued on a preferential basis in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and provisions of the Companies Act, 2013.

Allottee Details: Specifications Company Name: Bhaum Digital Ventures Private Limited Promoter Status: Non-Promoter Consideration Type: Share Swap (Other than Cash) Agreement Date: January 21, 2026

Regulatory Compliance

The company fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Director Atul Kumar Agarwal (DIN: 00022779) and submitted to BSE Limited. The allotment was executed following the receipt of statutory approval from SEBI on March 27, 2026, which had paved the way for completing this significant corporate action.

The successful completion of this preferential allotment marks the culmination of a process that began in January 2026, demonstrating the company's commitment to executing planned transactions following proper regulatory procedures and obtaining necessary approvals.

Jolly plastic industries Limited has announced a key management change with the resignation of its Company Secretary & Compliance Officer. The company disclosed this development in compliance with regulatory requirements under SEBI listing obligations.

Key Personnel Change Details

Ms. Sandhya Yadav has stepped down from her role as Company Secretary & Compliance Officer, with her resignation taking effect from March 30, 2026, at the closure of business hours. The resignation was communicated through a formal letter dated March 30, 2026.

Parameter: Details Position: Company Secretary & Compliance Officer Officer Name: Ms. Sandhya Yadav Effective Date: March 30, 2026 Reason: Personal reasons Material Disputes: None confirmed

Resignation Background

The departing officer cited personal considerations as the primary reason for her decision to resign. Ms. Sandhya Yadav confirmed that her resignation was purely due to personal commitments and the need to attend to personal matters. She explicitly stated that there were no other material reasons influencing her decision to step down.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. As part of the regulatory compliance process, Ms. Sandhya Yadav confirmed that:

No unresolved disputes exist with the company on any matter

No additional material information requires disclosure in connection with her resignation

The decision was made purely on personal grounds

Succession Planning

Jolly Plastic Industries Limited has indicated that it is actively working to fill the vacant position. The company stated that it is in the process of appointing a new Company Secretary & Compliance Officer and will communicate the appointment details to stakeholders in due course. This approach ensures continuity in corporate governance and regulatory compliance functions.

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