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

Jolly Plastic Industries has secured trading approval from BSE Limited for 1,77,00,000 equity shares issued on a preferential basis to non-promoters. The approval, conveyed via a letter dated May 22, 2026, confirms that these securities will be listed on the exchange effective from May 25, 2026.

Preferential Allotment Details

The approved shares consist of equity shares of Rs. 10 each, issued at a premium of Rs. 0. These shares bear distinctive numbers ranging from 6676401 to 24376400. The issuance was conducted pursuant to the company's preferential allotment process, specifically targeting non-promoter investors.

Trading Commencement

BSE Limited has formally notified the company that trading for these securities will commence on Monday, May 25, 2026. The exchange referenced Notice No. 20260522-3 dated May 22, 2026, which was issued to trading members regarding this listing.

The intimation regarding this development was made to the exchange in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.