Jolly Plastic Industries Limited has secured listing approval from BSE for its preferential share allotment, marking a significant milestone in the company's capital raising activities. The approval covers 1,77,00,000 equity shares issued to non-promoter investors at par value.

Listing Approval Details

BSE granted the listing approval through letter number LOD/PREF/KS/FIP/168/2026-27 dated April 30, 2026. The approved shares carry specific parameters that define their market positioning and regulatory compliance requirements.

Regulatory Compliance Requirements

The listing approval comes with mandatory compliance obligations under SEBI regulations. The company must ensure adherence to Regulation 167 of SEBI (ICDR) Regulations and other specifications mandated by SEBI from time to time.

Key compliance requirements include:

• Filing shareholding pattern in XBRL mode if shareholding change exceeds 2% of total paid-up share capital
• Compliance with SEBI LODR Regulations, 2015 under Regulation 31(1)(c)
• Adherence to Schedule XIX of ICDR Regulations

Trading Approval Prerequisites

Before trading approval can be granted, Jolly Plastic Industries must submit several critical documents to BSE. The exchange has specified that trading approval will only be processed after receiving complete documentation.

Timeline and Penalty Framework

According to SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, listed entities must apply for trading approval within seven working days from the listing approval grant date. Non-compliance with this timeline will attract penalties as specified in the circular.

Corporate Information

Jolly Plastic Industries Limited operates with its registered office in Ahmedabad, Gujarat, and corporate office in Delhi. The company's director Atul Kumar Agarwal confirmed receipt of the listing approval and communicated the development to BSE on May 1, 2026.

Jolly Plastic Industries Limited has announced the resignation of its Company Secretary & Compliance Officer, Ms. Sandhya Yadav, effective March 30, 2026. The company disclosed this development to BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Ms. Sandhya Yadav submitted her resignation citing personal reasons and confirmed that there are no other material reasons for her departure. The company provided comprehensive details of the resignation as required under regulatory guidelines.

Personal Reasons Behind Departure

In her resignation letter dated March 30, 2026, Ms. Yadav explained that her decision to resign is purely on account of personal considerations. She expressed her intention to step down from her position to attend to personal commitments. The departing officer confirmed that there are no unresolved disputes with the company on any matter.

Company's Response and Next Steps

Jolly Plastic Industries Limited acknowledged Ms. Yadav's resignation and confirmed receipt of her formal resignation letter. The company stated that it is currently in the process of appointing a new Company Secretary & Compliance Officer. The management indicated that details of the new appointment will be communicated to stakeholders in due course.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015. The resignation letter and all required documentation have been submitted to BSE Limited for record purposes. The company will complete all necessary statutory filings and formalities with the Registrar of Companies, stock exchanges, and other regulatory authorities regarding this change in key managerial personnel.

Tenure and Service

Ms. Sandhya Yadav served as Company Secretary & Compliance Officer for approximately four months, having been appointed on November 29, 2024. In her resignation letter, she expressed sincere gratitude to the Board of Directors and management for their support and cooperation during her association with the company.