Board approves allotment of 1.77 crore shares via share swap to Bhaum Digital Ventures
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Jolly Plastic Industries' board approved the allotment of 1,77,00,000 equity shares (Rs. 10 face value) on a preferential basis to Bhaum Digital Ventures Pvt Ltd (non-promoter). Total consideration is Rs. 17.7 crore, paid entirely through a share swap (not cash) under a share purchase agreement dated January 21, 2026. No cash inflow to the company; shares are issued in exchange for shares of another entity. The board meeting lasted from 4:00 PM to 4:30 PM on April 3, 2026.
Significant equity dilution for existing shareholders as 1.77 crore new shares are issued; no cash raised, shares given in swap for another asset.