The Board of Directors in their meeting held on 03rd April 2026 had approved the allotment of 1,77,00,000 equity shares of Rs.10/- each to Bhaum Digital Ventures Private Limited on Preferential ....
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Jolly Plastic Industries' board approved the allotment of 1.77 crore equity shares of Rs. 10 each to Bhaum Digital Ventures Private Limited, a non-promoter entity. The allotment is for consideration other than cash, structured as a share swap pursuant to a share purchase agreement dated January 21, 2026. The total transaction value is Rs. 17.7 crore. The meeting lasted 30 minutes. The company states the issuance is in compliance with SEBI ICDR Regulations 2018 and the Companies Act 2013.
This is a strategic share swap transaction for non-cash consideration, likely part of a business acquisition or restructuring. Since shares are allotted at face value to a non-promoter, existing shareholders face dilution but no cash outflow from the company.