Jolly Plastic Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/04/2026 ,inter alia, to consider and approve The meeting of Board ....
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Jolly Plastic Industries has called a Board meeting on April 3, 2026 to allot equity shares to Bhaum Digital Ventures Private Limited on a preferential basis. This allotment is part of a share-to-share acquisition deal that the Board had originally approved on January 21, 2026 through a Share Purchase Agreement. The allotment was on hold waiting for SEBI's statutory approval, which the company received on March 27, 2026. The meeting will also consider any other regulatory or statutory approvals needed to complete the issuance.
This is the final step to complete an already-approved preferential share issue, which will lead to dilution of existing shareholders. The stock may see some movement once the new shares are formally allotted to Bhaum Digital Ventures.