Braj Mohan Singh has resigned as the Chief Financial Officer of Jolly Plastic Industries effective June 12, 2026, due to a change in role within the company. Singh will continue his association with the firm in the capacity of a Non-Executive Director. The transition was approved by the Board of Directors during its meeting held on July 3, 2026.

The company acknowledged a delay in informing the stock exchange regarding the resignation within the timeline prescribed by Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In a communication to BSE Limited, the management stated that the oversight was inadvertent and occurred due to administrative complexities during the implementation of a broader management restructuring.

Jolly Plastic Industries clarified that the specific disclosure regarding the cessation of the CFO role was omitted because the individual remained associated with the company while multiple management changes were implemented simultaneously. The company has since submitted the requisite disclosure to the exchange and stated that the delay was unintentional.

Key Management Changes

The following details outline the transition in the company's financial leadership:

The company expressed regret over the delay and assured the exchange that internal compliance controls have been strengthened to ensure timely disclosure of material events in the future. Atul Kumar Agarwal, Director, signed the submission to the exchange on July 14, 2026, confirming the corrective measures taken.

Jolly Plastic Industries Ltd has approved a proposal to change its name to Sahaj Digital Limited, subject to regulatory approvals, as it pivots toward digital services and e-governance projects. The Board of Directors, meeting on June 12, 2026, also accepted the resignation of its existing Statutory Auditor, M/s GAMS & Associates LLP, effective immediately due to pre-occupation with other professional commitments. The firm, appointed on September 30, 2022, was originally scheduled to hold office until September 30, 2027.

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 at the ensuing Annual General Meeting (AGM). The resignation letter confirmed there were no material reasons for the departure other than stated commitments and that no concerns were raised with the Audit Committee prior to stepping down. The latest audit report had been submitted before the resignation.

The Board reconstituted its leadership by appointing three additional directors and key managerial personnel (KMP). Mr. Suvendu Chunder and Mr. Ananjan Mitter were appointed as Additional Directors (Non-Executive Independent Directors), while Mr. Kamal Nain Pandya joined as an Additional Director (Non-Executive Director). Shareholder approval for these director appointments will be sought at the AGM.

Operational oversight was strengthened with the appointment of Mr. Shomik Kumar Mukherjee as Manager and KMP, Mr. Joydeep Datta Gupta as Company Secretary and Compliance Officer, and Mr. Gopal Dalmia as Chief Financial Officer, all effective from June 12, 2026. The Board also accepted the resignations of Mr. Rajesh Kumar Vaid and Mr. Parul Kumar as Directors.

Operational shifts include commencing day-to-day activities from a new Corporate Office in Kolkata and closing existing bank accounts. The meeting, chaired by Mr. Atul Kumar Agarwal, also approved the draft notice for the AGM for the financial year ended March 31, 2026, and reconstituted various board committees.