A BSE-listed entity classified under Financial Services as an Investment Company, with FY26 revenue from operations of Rs 22.6 lakh and net profit of Rs 1.06 lakh. In June 2026, Bhaum Digital Ventures acquired a 72.61% controlling stake through a preferential allotment of 1.77 crore equity shares at Rs 10 each (nil premium), triggering a full change of control. Total assets stood at Rs 6.89 crore at FY26 year-end. Under the new controlling shareholder, the company has proposed renaming itself to Sahaj Digital Limited, shifting its registered office from Gujarat to West Bengal, and expanding its objects clause to include technology, software, AI, e-commerce, fintech, and e-governance services. The entire board, statutory auditor, CFO, Manager and Company Secretary were replaced in June 2026, with the outgoing statutory auditor having flagged missing audit trail in the accounting software. Employee cost was 46.4% of revenue and other operating expenses 60.7% in FY26, leaving very thin operating margins despite the 35.4% EBITDA margin reported. Q4 FY26 alone showed a loss of Rs 27 lakh. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Investment / financial services activity. Micro-cap shell-like entity undergoing full change of control and business pivot
| ₹ crore · consolidated |
|---|
| Revenue |
| EBITDA (ex other income) |
| margin % |
| Owners' profit |
| EPS, as reported (₹) |
| ROE % · ROCE % |
| Debt / equity (x) |
| Cash from operations |
| Capex |
| ₹ crore | Q1 FY27 |
|---|---|
| Revenue | 12 |
| Profit before tax | (4) |
| Net profit | (4) |
| EPS (₹) | 1.71 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,51,806 | 71.4 | 1.13 | 64.0 | 1.2 | — | — | 70.7 |
| ADITYA BIRLA CAPITAL LTD. | 1,08,001 | 25.2 | 2.94 | 6.3 | 10.5 | — | 18.8 | 40.8 |
| L&T FINANCE LIMITED | 77,411 | 24.3 | 2.76 | 6.7 | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD | 32,839 | 76.2 | 1.12 | 90.8 | 1.5 | — | 19.5 | 92.6 |
| CHOLAMANDALAM FIN HOL LTD | 28,902 | 10.8 | 0.85 | 0.9 | 16.2 | — | 23.0 | 58.4 |
| TVS HOLDINGS LIMITED | 26,292 | 13.3 | 2.04 | 2.4 | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD | 14,802 | 53.1 | 0.54 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED | 12,763 | 92.9 | 0.39 | 78.3 | 0.4 | — | 14.1 | 84.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 18 Aug 2026 · Jolly Plastic Industries renames to Sahaj Digital, pivots to tech | general | medium | — | — |
| 18 Aug 2026 · Jolly Plastic renamed Sahaj Digital; main object shifted to tech and digital services | general | medium | — | — |
| 17 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 13 Aug 2026 · Jolly Plastic Q1 FY27 results: standalone loss widens, consolidated loss at Rs 417 lakh | results | high | — | — |
| 10 Aug 2026 · Board meeting on 13 Aug to consider Q1 FY27 unaudited results | results | low | — | — |
| 31 Jul 2026 · All 10 resolutions passed unanimously at 45th AGM with 100% votes in favor | board shareholder meetings | low | — | — |
| 30 Jul 2026 · All 10 resolutions passed at 45th AGM of Jolly Plastic Industries | compliance | minimal | — | — |
| 29 Jul 2026 · 45th AGM: name change to Sahaj Digital and office shift to West Bengal approved | board shareholder meetings | low | — | — |
| 29 Jul 2026 · 45th AGM held on 29 July 2026; 10 resolutions moved, results awaited | board shareholder meetings | low | — | — |
| 14 Jul 2026 · CFO resigned, company explains delayed disclosure to BSE | management changes | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.1 | 23.7 | 26 of 52 | 51% |
| EBITDA margin | (31.3) | 61.6 | 57 of 62 | 8% |
| Market cap | 96 | 376 | 44 of 65 | 33% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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