Jolly Plastic Industries Limited approved a proposal to change its name, subject to regulatory and shareholder approvals, during its Board meeting on 12 June 2026. The Board also appointed three additional directors and three Key Managerial Personnel (KMP) to strengthen its governance framework. These decisions mark a significant restructuring of the company's leadership and operational base.

The Board appointed Mr. Suvendu Chunder and Mr. Ananjan Mitter as Additional Directors (Non-Executive Independent Directors), effective 12 June 2026. Mr. Kamal Nain Pandya was appointed as an Additional Director (Non-Executive Director) in the professional category. All three appointments are subject to shareholder approval at the ensuing Annual General Meeting. The Board also reconstituted its various committees with effect from the same date.

In a major overhaul of its executive management, the company appointed Mr. Shomik Kumar Mukherjee as Manager and KMP. Mr. Joydeep Datta Gupta was designated as Company Secretary and Compliance Officer, and Mr. Gopal Dalmia was appointed as Chief Financial Officer (CFO). All three appointments as KMP are effective from 12 June 2026. The Board also approved sitting fees for directors and committee members.

The company accepted the resignations of Mr. Rajesh Kumar Vaid and Mr. Parul Kumar, both Non-Executive Independent Directors, citing increased professional and personal commitments. M/s GAMS & Associates LLP also resigned as the Statutory Auditor due to pre-occupation with other professional commitments. To fill the casual vacancy, the Board appointed M/s P.K. Drolia & Co., Chartered Accountants, as the new Statutory Auditor, subject to shareholder approval.

Operational shifts were also approved, including the commencement of day-to-day operations from a new Corporate Office located in Kolkata. The Board authorized the opening of new bank accounts and the closure of existing ones. Additionally, the Board approved convening the Annual General Meeting for the financial year ended 31 March 2026.

Appointments Summary

Resignations Summary

Jolly Plastic Industries Limited approved a proposal to change its name, subject to necessary approvals from the Ministry of Corporate Affairs, shareholders, and other regulatory authorities. The decision was taken during a board meeting held on June 12, 2026, at the company's corporate office in Delhi. The board also approved the opening of a new corporate office in Kolkata to commence day-to-day operations effective immediately.

The board appointed Mr. Atul Kumar Agarwal as the Chairperson to preside over the meeting. It approved the appointment of three additional directors: Mr. Suvendu Chunder and Mr. Ananjan Mitter as Non-Executive Independent Directors, and Mr. Kamal Nain Pandya as a Non-Executive Director in a professional capacity. All appointments are effective from June 12, 2026, and subject to shareholder approval in the ensuing Annual General Meeting.

Changes to the company's Key Managerial Personnel (KMP) were also finalized. Mr. Shomik Kumar Mukherjee was appointed as Manager and KMP. Mr. Joydeep Datta Gupta was appointed as Company Secretary and Compliance Officer, designated as KMP. Mr. Gopal Dalmia was appointed as Chief Financial Officer (CFO) and KMP, all effective from June 12, 2026.

The board approved the appointment of M/s P.K. Drolia & Co., Chartered Accountants, as Statutory Auditors to fill a casual vacancy. This appointment is subject to shareholder approval. The resignations of existing directors Mr. Rajesh Kumar Vaid and Mr. Parul Kumar, along with the resignation of the former statutory auditor M/s GAMS & Associates LLP, were accepted.

Other approvals included convening the Annual General Meeting for the financial year ended March 31, 2026, and fixing sitting fees for board members and committees. The board also reconstituted various committees and authorized the opening of new bank accounts alongside the closure of existing ones.

Appointments and Resignations