Jolly Plastic Industries Ltd — Important, 01-01-1970: Company Update

Sumedha Fiscal Services has been appointed Manager for an Open Offer by Bhaum Digital Ventures Private Limited to acquire up to 26% of Jolly Plastic Industries Limited (JPIL) expanded equity. The offer is for 63,37,864 shares at ₹10.00 each, totaling ₹6.33 Cr. This offer was triggered by JPIL's acquisition of Sahaj Retail Limited from Bhaum Digital Ventures for ₹17.70 Cr. As consideration, JPIL will issue 1,77,00,000 new equity shares at ₹10.00 per share to the Acquirer. This open offer provides public shareholders an opportunity to tender their shares and significantly impacts JPIL's ownership structure.