Jolly Plastic Industries Ltd. Approves Preferential Allotment of Shares
Jolly Plastic Industries Limited announced on April 3, 2026, that its Board of Directors approved the allotment of 1,77,00,000 equity shares with a face value of Rs. 10 each on a preferential basis to Bhaum Digital Ventures Private Limited. The allotment is part of a share swap agreement dated January 21, 2026.The total consideration for the allotment, via the share swap, is valued at Rs. 17,70,00,000.
The Board meeting took place from 4:00 p.m. to 4:30 p.m.
Table: Preferential Allotment Details
| Allottee Name | Category | Number of Shares | Total Consideration (via Share Swap) |
|---|---|---|---|
| Bhaum Digital Ventures Private Limited | Non-Promoter | 1,77,00,000 | Rs. 17,70,00,000 |
| Total | Total | 1,77,00,000 | Rs. 17,70,00,000 |
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