Jolly Plastic Industries Limited reported a net profit of ₹1.06 lakh for the financial year ended March 31, 2026, a decline from ₹1.77 lakh in the previous year. Revenue from operations rose to ₹22.60 lakh from ₹17.02 lakh in FY25, while total income decreased to ₹47.09 lakh from ₹61.43 lakh. The Board of Directors has not recommended any dividend for the financial year. The company submitted its Annual Report for FY26 to the BSE, including the notice for the 45th Annual General Meeting.

Financial Performance

The company's profit before tax for the year stood at ₹1.46 lakh, compared to ₹2.36 lakh in the prior year. Total expenses for FY26 were reported at ₹45.62 lakh, down from ₹59.07 lakh in FY25. The basic and diluted earnings per share (EPS) for the year was ₹0.016, a decrease from ₹0.027 in the previous year.

Capital Structure and Corporate Actions

During the financial year, the Board approved an increase in the authorized share capital to ₹27 crore. The authorized capital now comprises 2,50,00,000 equity shares of ₹10 each and 20,00,000 preference shares of ₹10 each. The issued, subscribed, and paid-up share capital as of March 31, 2026, was ₹24.38 crore.

The shareholders approved the issuance of up to 1,77,00,000 equity shares on a preferential allotment basis to Bhaum Digital Ventures Private Limited. The allotment was completed on April 3, 2026, at a price of ₹10 per share, aggregating to ₹17.70 crore. Following this issuance, Bhaum Digital Ventures Private Limited holds 72.61% of the expanded equity and voting shares in the company. The company received in-principle approval from the Bombay Stock Exchange Limited (BSE) for the listing of these shares on March 9, 2026.

Governance and Compliance

The Board of Directors underwent changes during the year, including the appointment of Mr. Parul Kumar as a Non-Executive Independent Director and the resignation of Mr. Adesh Kumar Agarwal. The company's statutory auditor, M/s GAMS & Associates LLP, noted in its report that the accounting software used during the year did not have a feature for recording audit trails (edit log). Management stated that it is in the process of updating the software to include this facility.

The company confirmed that it has not accepted any deposits falling under the purview of Section 73 of the Companies Act, 2013. There were no material orders passed by regulators or courts that would impact the going concern status of the company.

45th Annual General Meeting

The 45th Annual General Meeting of the company will be held on Wednesday, July 29, 2026, at 11:00 AM at the registered office in Ahmedabad. The Register of Members and share transfer books will remain closed from Wednesday, July 22, 2026, to Wednesday, July 29, 2026, for the purpose of determining shareholder entitlement. Remote e-voting will commence on July 26, 2026, at 09:00 AM and conclude on July 28, 2026, at 05:00 PM.

The agenda includes the adoption of audited financial statements, the appointment of M/s ALPS & Co. as statutory auditor for five years, and the re-appointment of Ms. Sandeep Kaur as Director. Special business items encompass the regularization of Mr. Suvendu Chunder, Mr. Ananjan Mitter, and Mr. Kamal Nain Pandya as Directors, the appointment of Mr. Shomik Kumar Mukerjee as Manager & Key Managerial Personnel, shifting the registered office from Gujarat to West Bengal, alterations to the objects clause, and changing the company name to Sahaj Digital Limited.

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