Jolly Plastic Industries Limited Board Meeting Scheduled for January 21, 2026 to Discuss Acquisition and Preferential Equity Share Issues

Jolly Plastic Industries Limited has announced a board meeting scheduled for January 21, 2026, to deliberate on significant corporate developments including acquisition plans and preferential equity share issues. The meeting represents a crucial step in the company's strategic expansion plans. Meeting Details and Venue The board meeting will be conducted on Wednesday, January 21, 2026, at the company's corporate office located at S-524, F/F, School Block, Vikas Marg, Shakarpur, Delhi-110092. The announcement was made on January 16, 2026, in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key Agenda Items The board will consider and approve several important matters during the meeting: Agenda Item: Details Acquisition Discussion: To discuss the acquisition to be made by the Company and enter into purchase agreement Preferential Share Issues: To consider preferential issues of equity shares resulting from share-to-share acquisition Additional Matters: Any other incidental matter with the permission of the chair Strategic Implications The proposed acquisition and subsequent preferential equity share issues indicate the company's strategic focus on growth through acquisitions. The share-to-share acquisition structure suggests a structured approach to the transaction, with preferential equity shares being issued as part of the acquisition consideration. Company Information Jolly Plastic Industries Limited operates with its registered office at 426, 4th floor, Patel Avenue, Near Gurudwara, SG Road, Bodakdev, Ahmedabad-380054. The company is listed on BSE with scrip code 507968 and ISIN INE289M01016. The announcement was signed by Sandhya Yadav, Company Secretary and Compliance Officer. Regulatory Compliance The timely intimation to BSE Limited demonstrates the company's adherence to regulatory requirements under SEBI listing regulations. The formal notification ensures transparency and keeps stakeholders informed about significant corporate actions that may impact the company's business operations and shareholding structure. Jolly Plastic Industries Limited has released its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's Board of Directors approved these results in a meeting held on November 13, 2025. Key Financial Highlights Particulars (in Rs. Lakhs) Q2 FY2026 Q1 FY2026 Q2 FY2025 H1 FY2026 H1 FY2025 Total Income 3.89 12.38 6.63 16.27 13.35 Total Expenses 5.69 4.44 3.33 10.13 9.73 Profit/(Loss) Before Tax (1.80) 7.94 3.30 6.14 3.62 Net Profit/(Loss) (1.80) 7.94 3.30 6.14 3.62 EPS (Basic & Diluted) (0.03) 0.12 0.05 0.09 0.05 Financial Performance Analysis The company experienced a significant decline in total income for Q2 FY2026, reporting Rs. 3.89 lakhs compared to Rs. 12.38 lakhs in the previous quarter. This represents a quarter-on-quarter decrease of approximately 68.6%. The year-on-year comparison also shows a decline, with Q2 FY2025 recording a total income of Rs. 6.63 lakhs. Total expenses for Q2 FY2026 increased to Rs. 5.69 lakhs, up from Rs. 4.44 lakhs in Q1 FY2026. This rise in expenses, coupled with the decrease in income, resulted in a loss before tax of Rs. 1.80 lakhs for the quarter, contrasting with a profit of Rs. 7.94 lakhs in the previous quarter. Despite the weak quarterly performance, the half-yearly results show some resilience. For H1 FY2026, Jolly Plastic Industries reported a total income of Rs. 16.27 lakhs, an improvement from Rs. 13.35 lakhs in H1 FY2025. The net profit for H1 FY2026 stands at Rs. 6.14 lakhs, up from Rs. 3.62 lakhs in the same period last year. Balance Sheet and Cash Flow As of September 30, 2025, the company reported total assets of Rs. 691.07 lakhs, a slight increase from Rs. 687.64 lakhs as of March 31, 2025. The company's shareholder funds, comprising share capital and reserves and surplus, totaled Rs. 691.07 lakhs. The cash flow statement reveals a significant decrease in cash and cash equivalents, from Rs. 305.60 lakhs at the beginning of the period to Rs. 25.28 lakhs by the end of September 2025. This reduction was primarily due to investing activities, particularly in purchases of investments. Corporate Governance and Compliance The company has confirmed that there were no deviations in the use of public issue proceeds from their Initial Public Offering during the quarter and half-year ended September 30, 2025. This statement aligns with the regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the Board of Directors has addressed a discrepancy in the face value of equity shares reported by the Ministry of Corporate Affairs (MCA). They have confirmed that the correct face value of the company's equity shares is Rs. 10 per share, as per the details provided in the shareholding pattern published on the Bombay Stock Exchange (BSE) website. The financial results have been subject to a limited review by the statutory auditors, GAMS & Associates LLP, who have not expressed any material misstatements in their report. 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