Jolly Plastic Industries Limited has announced its unaudited financial results for the quarter ended December 31, 2025, showing modest growth in key financial metrics. The company's Board of Directors approved these results during their meeting held on February 13, 2026, which commenced at 12:50 PM and concluded at 1:20 PM.

Quarterly Financial Performance

The company demonstrated improved operational performance in Q3 FY26 compared to the corresponding quarter of the previous year. Revenue from operations showed significant growth, while the company maintained profitability despite challenging market conditions.

Nine Months Performance Analysis

For the nine months ended December 31, 2025, the company's financial performance reflected mixed results across different parameters. While revenue from operations showed growth, overall profitability was impacted by various operational factors.

Expense Structure and Operational Metrics

The company's expense management during Q3 FY26 showed controlled operational costs. Total expenses for the quarter amounted to ₹9.01 lakhs compared to ₹11.17 lakhs in Q3 FY25. Key expense components included purchases of stock-in-trade at ₹3.02 lakhs, employee benefits expense of ₹1.11 lakhs, and other expenses totaling ₹4.89 lakhs.

Earnings Per Share and Capital Structure

The company maintained its paid-up equity share capital at ₹667.64 lakhs with a face value of ₹10.00 per share. Basic and diluted earnings per share for Q3 FY26 stood at ₹0.006, compared to ₹0.005 in the corresponding quarter of the previous year. For the nine months period, earnings per share was ₹0.06 compared to ₹0.09 in the previous year.

Corporate Governance and Regulatory Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 13, 2026. The company confirmed no investor complaints were pending at the beginning of the quarter, and no complaints were received during Q3 FY26. Additionally, Jolly Plastic Industries Limited submitted an undertaking confirming no deviations in the use of public issue proceeds from its Initial Public Offer for the quarter and nine months ended December 31, 2025, in compliance with Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Jolly Plastic Industries Limited is set to undergo a significant ownership change as Bhaum Digital Ventures Private Limited announces a mandatory open offer to acquire a substantial stake in the company. The acquirer has launched this offer in compliance with SEBI regulations following a strategic share purchase agreement that will result in a change of control and management.

Open Offer Details

The open offer encompasses the acquisition of 63,37,864 equity shares, representing 26.00% of the expanded equity and voting share capital of Jolly Plastic Industries Limited. The offer has been structured with specific financial parameters and regulatory compliance measures.

Transaction Structure and Timeline

The open offer is being made pursuant to Regulations 3(1) & 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011. This mandatory offer follows a Share Purchase Agreement dated January 21, 2026, between the parties involved.

Share Capital Structure

The transaction involves a complex restructuring of the target company's share capital through a preferential allotment mechanism. The current equity structure will be significantly expanded to accommodate the new shareholding pattern.

Post-Transaction Shareholding

Upon completion of the open offer and preferential allotment, assuming full acceptance, Bhaum Digital Ventures Private Limited will hold a controlling stake in Jolly Plastic Industries Limited. The existing promoters have expressed their intent to seek reclassification as public shareholders.

Regulatory Compliance and Approvals

The acquirer has deposited ₹1,60,00,000 in an escrow account, representing more than 25% of the total offer consideration as required under Regulation 17 of SEBI (SAST) Regulations. The offer is not subject to minimum acceptance levels and is unconditional under Regulation 19 of the SEBI (SAST) Regulations.

Sumedha Fiscal Services Limited has been appointed as the Manager to the Offer, while Skyline Financial Services Private Limited serves as the Registrar to the Offer. The offer is not a competing offer and no competing offers exist as of the draft letter date.

Key Terms and Conditions

Public shareholders who accept the offer by tendering their shares will not be entitled to withdraw their acceptance during the tendering period. The offer is subject to statutory approvals that may become applicable, and shares once tendered cannot be withdrawn even in case of delays in acceptance or payment.

The acquirer has confirmed that no differential pricing applies to this offer, and any upward revision in offer price would be communicated through public announcements. The transaction aims to create strategic and operational synergies between the entities involved, with the target company expected to benefit from the acquirer's digital infrastructure and market presence.