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

Bhaum Digital Ventures has launched an open offer to acquire 26.00% of Jolly Plastic Industries Limited's expanded equity at ₹10 per share, totaling ₹6.34 Cr. This follows Jolly Plastic's acquisition of Sahaj Retail, a Bhaum Digital subsidiary, through a share swap, making Bhaum Digital the new controlling promoter. This transaction will lead to a change in Jolly Plastic's control and management. The acquirer intends to continue the existing business and may explore diversification. Post-offer, public shareholding will fall below 25%, and Bhaum Digital Ventures commits to addressing this requirement within applicable timelines, aiming to enhance shareholder value.