Outcome of the Extra-Ordinary General Meeting as per regulation 30 read with schedule III of SEBI (Listing Obligations & Disclosure Requirements) of Jolly Plastic Industries Limited held ....
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Jolly Plastic Industries held an EGM on 16 February 2026 at its Ahmedabad registered office. Three key resolutions were put to vote, with results awaited from the Scrutinizer (to be filed within 48 hours). Resolution 1A seeks to increase authorised share capital from ₹12,00,00,000 to ₹27,00,00,000 by creating 1,50,00,000 additional equity shares of ₹10 each. Resolution 1B proposes adopting a new format of e-Articles of Association under Section 14 of the Companies Act. Resolution 02 seeks approval to allot up to 1,77,00,000 equity shares at par (₹10 each, aggregating ₹17,70,00,000) to Bhaum Digital Ventures Private Limited (non-promoter) via a share swap — 354 company shares for every 10 shares of Sahaj Retail Limited (a wholly owned subsidiary of Bhaum Digital Ventures), effectively acquiring 5,00,000 shares of Sahaj Retail. The EGM was chaired by Mr. Atul Kumar Agarwal and concluded at 11:30 AM.
If approved, the preferential share-swap will result in significant equity dilution for existing shareholders and bring Bhaum Digital Ventures on board as a non-promoter shareholder, while giving the company a stake in Sahaj Retail. The authorised capital hike supports this and potential future fund-raising. Watch for the Scrutinizer's report — it will confirm whether the resolutions have cleared.