Sumedha Fiscal Services Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulation 3(1) and 4 read with Regulation 13 (4), 14 (3) and 15(2) ....
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Bhaum Digital Ventures Private Limited (the Acquirer) has launched an Open Offer to buy up to 63,37,864 shares (26% of expanded equity) of Jolly Plastic Industries Ltd (JPIL) from public shareholders at ₹10 per share, totaling a maximum consideration of around ₹6.34 crore. This Open Offer is triggered under SEBI (SAST) Regulations following a Share Purchase Agreement signed on 21st January 2026, under which JPIL is acquiring 100% of Sahaj Retail Limited (SRL) from the Acquirer at ₹354 per share for an aggregate of ₹17.70 crore. As consideration for SRL, JPIL will issue 1,77,00,000 fresh equity shares to the Acquirer at ₹10 per share, which has triggered the mandatory open offer requirement. The Detailed Public Statement was published on 29th January 2026 in English, Hindi, Gujarati, and Marathi newspapers.
Public shareholders of JPIL can tender their shares at ₹10 each during the open offer window, providing a potential exit opportunity. The underlying acquisition of Sahaj Retail could shift JPIL's business focus toward retail, and existing shareholders will see dilution from the 1.77 crore new shares issued to the Acquirer.