Jolly Plastic Industries shareholders have unanimously approved a comprehensive restructuring plan at the company’s 45th Annual General Meeting (AGM) held on July 29, 2026. The scrutinizer report confirms that all ten resolutions passed with 100% support, including the change of name to "Sahaj Digital Limited," shifting the registered office from Gujarat to West Bengal, and altering the object clause. This unanimous backing signals strong investor confidence in the firm’s strategic pivot away from traditional plastic manufacturing toward digital services.

The AGM, chaired by Director Atul Kumar Agarwal, concluded at 11:35 AM at the registered office in Ahmedabad. All resolutions were passed via remote e-voting and poll, with Sandeep Kumar Singh (Membership No. 511685), a Practicing Chartered Accountant, appointed as the scrutinizer. The remote e-voting period ran from July 26, 2026, at 9:00 AM to July 28, 2026, at 5:00 PM. Shareholders holding shares as on the record date of July 22, 2026, were eligible to vote. The total valid votes cast across all resolutions amounted to 2,01,31,701, with zero invalid votes and no votes cast against any proposal.

Governance and Leadership Updates

The meeting addressed key governance matters, including the regularization of three directors and the appointment of a new manager. Shareholders approved the following leadership changes:

• Suvendu Chunder (DIN: 01851379): Regularized as Non-Executive Independent Director for five years until 2031.
• Ananjan Mitter (DIN: 00724215): Regularized as Non-Executive Independent Director for five years until 2031.
• Kamal Nain Pandya (DIN: 02381457): Regularized as Non-Executive Director in the professional category.
• Shomik Kumar Mukerjee: Appointed as Manager and Key Managerial Personnel for one year.

Additionally, Sandeep Kaur (DIN: 09625723) was re-appointed as a director after retiring by rotation. The Board also approved the appointment of M/s ALPS & Co., Chartered Accountants (FRN: 313132E), as statutory auditors for a five-year term from the conclusion of this AGM until 2031.

Voting Results Summary

The scrutinizer report filed under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the voting outcomes. The process was witnessed by Mahesh Kumar and Ram Dayal.

Strategic Implications of Rebranding

The decision to rename the entity to "Sahaj Digital Limited" and shift its registered address to West Bengal suggests a fundamental transformation in the company’s operational focus. The alteration of the object clause further supports this view, indicating that the firm may be entering new business verticals, potentially in the digital services sector. Investors should monitor subsequent filings for details on the new business model and any associated capital requirements or asset disposals related to the legacy plastic business. The adoption of the audited financial statements for the financial year ended March 31, 2026, was also completed during the meeting.

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.