Jolly Plastic Industries Ltd — Important, 16-03-2026: Company Update

Jolly Plastic Industries Limited has secured in-principle approval from BSE Limited for a significant capital raising initiative. The company will issue 1.77 Crore new equity shares, each with a face value of Rs. 10, at a price not less than Rs. 10 per share. These shares will be allotted on a preferential basis to non-promoter entities. This approval is a key step towards strengthening the company's financial position and funding its ongoing business operations, which could expand its equity base.