Jolly Plastic Industries Limited Renames as Sahaj Digital Limited, Announces Major Business Transformation and Key Appointments

Jolly Plastic Industries Limited Renames as Sahaj Digital Limited, Announces Major Business Transformation and Key Appointments​

Jolly Plastic Industries Limited is undergoing a significant corporate metamorphosis, announcing its name change from "Jolly Plastic Industries Limited" to "Sahaj Digital Limited." The company's 45th Annual General Meeting (AGM) is scheduled for Wednesday, July 29, 2026, and will address extensive changes in the company’s structure, business scope, and leadership.

The AGM agenda includes crucial resolutions concerning the company's operational transition into a comprehensive technology and digital services enterprise.

Corporate Transformations and Governance Updates​

Key appointments and organizational restructuring planned for the company include:

• Management & Personnel: Mr. Shomik Kumar Mukerjee was appointed as Manager and Key Managerial Personnel, effective June 12, 2026, for a period of one year.
• Director Appointments: The meeting will regularize the appointment of three new directors: Mr. Suvendu Chunder (DIN: 01851379), Mr. Ananjan Mitter (DIN: 00724215), and Mr. Kamal Nain Pandya (DIN: 02381457) as Non-Executive Independent Directors or Additional Director, respectively.
• Secretary Appointment: The company has also appointed Mr. Joydeep Datta Gupta (Membership No. A13551) as the Company Secretary and Compliance Officer, effective June 12, 2026.

The AGM will also consider resolutions for all statutory aspects of the business operations:

• Adoption of the Audited Financial Statements for the financial year ended March 31, 2026.
• Appointment of M/s ALPS & Co., Chartered Accountants as the Statutory Auditor for a term of five years, to hold office until the conclusion of the AGM in 2031.
• Re-appointment of Ms. Sandeep Kaur (DIN: 09625723) who retires by rotation.

Strategic Shifts and Business Expansion​

The company is undertaking dual strategic shifts concerning its geographical base and core business model.

Registered Office Shift: The AGM seeks approval for the shifting of the registered office from the state of Gujarat to the State of West Bengal, which requires an alteration of Clause II in the Memorandum of Association.

Business Object Alteration: A special resolution has been tabled to alter the company’s Objects Clause, expanding its scope dramatically. The revised clause encompasses operating as a technology and digital services enterprise across multiple verticals, including:

• Designing, developing, and selling software applications, cloud-based architectures, and custom ERP solutions.
• Building online e-commerce platforms for consumer goods (B2C) and businesses (B2B).
• Providing IT consultancy in areas like AI and Machine Learning (ML).
• Operating digital payment systems such as UPI and digital wallets.
• Executing e-Governance Projects across India and providing training/skill development services.

Name Change: The company has also proposed to change its name from "Jolly Plastic Industries Limited" to "Sahaj Digital Limited." This proposal is intended to reflect the current business activities, future growth plans, and strategic direction of the organization.

Financial Performance and Capital Structure​

The financial statements for FY 2025-2026 show varied performance compared to the preceding year.

Financial Highlights (FY 2025–2026)​

The company’s capital structure underwent significant changes in FY 2025-2026. The Board of Directors had approved an increase in Authorized Share Capital to Rs. 27,00,00,000 (Rupees Twenty-Seven Crores), comprising equity and preference shares totaling Rs. 2,00,00,000/- and Rs. 25,00,00,000/- respectively.

Furthermore, the company completed a preferential allotment of 1,77,00,000 Equity Shares (of face value ₹ 10/-) aggregating to ₹ 17,70,00,000, following the purchase of 500,000 equity shares of Sahaj Retail Limited by Bhaum Digital Ventures Private Limited.

Financial Position Summary​

Leadership and Corporate Integrity​

The company's board maintained a mix of executive, non-executive, and independent directors throughout the financial year. The Board reported on its operational performance and governance commitments, noting that the business risk management strategy includes mitigating risks related to regulation, competition, technological obsolescence, and financial markets.

The statutory auditor, GAMS & Associates LLP (FRN: ON500094), provided an opinion on the Standalone Financial Statements, which noted a qualification concerning the company's accounting software, as it lacked an audit trail feature for recording transactions.

Stock Price Movement​

Jolly Plastic Industries Ltd. shares settled at ₹36.05 today after shedding 1.93% in the post-market close. The stock traded completely flat, with its intraday high and low remaining identical throughout the session.