Summary Proceedings of Extra-Ordinary General Meeting of the Company held on 16th February 2026 held at 11:00 AM, held at the registered office.
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Jolly Plastic Industries held an Extra-Ordinary General Meeting on 16th February 2026 at its registered office in Ahmedabad, where three special business items were transacted. First, shareholders considered increasing the authorized share capital from ₹12,00,00,000 to ₹27,00,00,000 by creating 1,50,00,000 additional equity shares of ₹10 each. Second, the company proposed adopting a new format of e-Articles of Association. Third, the company sought approval to issue up to 1,77,00,000 equity shares of ₹10 each at par (aggregating ₹17,70,00,000) to Bhaum Digital Ventures Private Limited on a preferential basis via a share swap — 354 company shares for every 10 shares of Sahaj Retail Limited, effectively acquiring 5,00,000 shares of Sahaj Retail. Remote e-voting was conducted from 13th to 15th February 2026, and the scrutinizer's report with combined voting results is awaited and will be submitted to BSE within 48 hours.
The preferential share swap will lead to equity dilution for existing shareholders while bringing Sahaj Retail Limited (a subsidiary of Bhaum Digital Ventures) into the company's fold, signaling a potential diversification move. Investors should watch for the scrutinizer's voting outcome, as all resolutions are currently pending result confirmation.