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Jolly Plastic Industries Ltd (507968)

📊 BSE: 507968 🏢 Investment Company 📢 Latest filing: 16 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Jolly Plastic's revenue was ₹12.5 Cr, and net profit ₹-4.2 Cr; the operating margin was -33.4%.

Q1 FY27 (₹ Cr)	Value	YoY	QoQ
Revenue	₹12.5	—	—
Operating profit	₹-4.2	—	—
Net profit	₹-4.2	—	—
EPS (₹)	-1.72	—	—
Operating margin	-33.4%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Sahaj Digital Calls EGM on Nov 12, 2026 to Approve Director Appointment

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 16 Oct 2026, 01:33 PM

Sahaj Digital Limited (formerly Jolly Plastic Industries Limited) announced that an Extra-Ordinary General Meeting (EGM) of members will be convened on November 12, 2026 at 04:00 P.M. via video conferencing. The primary agenda is to seek shareholder approval for the confirmation of an additional director appointed on August 13, 2026. The full notice of the EGM will be shared with exchanges in due course.

EGM scheduled for Thursday, November 12, 2026 at 04:00 P.M via VC/OAVM
Meeting convened to confirm the appointment of an additional director appointed on August 13, 2026
Board meeting approving the EGM was held on October 16, 2026

💡 Investors should watch for the detailed EGM notice to examine the profile, role, and terms of appointment for the director being regularised.

Jolly Plastic renames to Sahaj Digital; amends MoA objects to enter tech and digital services

🟡 NEUTRAL ⭐ 4/10

OTHER 📅 18 Aug 2026, 05:20 PM

Jolly Plastic Industries Limited has officially changed its name to 'Sahaj Digital Limited' following the issuance of a fresh Certificate of Incorporation from the RoC on 17th August, 2026. Concurrently, the Registrar of Companies approved the alteration of its Main Object Clause on 18th August, 2026, subsequent to shareholder approval at the AGM held on 29th July, 2026. The revised MoA enables the company to pivot into digital and technology sectors, including software development, artificial intelligence, cloud computing, fintech, and IT-enabled services.

Corporate name changed to Sahaj Digital Limited effective 17th August, 2026
RoC registration certificate for alteration of MoA Main Object Clause issued on 18th August, 2026
Shareholder approval for both changes secured via special resolution at AGM on 29th July, 2026
Business scope broadened to include AI, cloud computing, software development, fintech, and e-commerce

💡 Monitor upcoming quarterly disclosures to see if the company announces concrete commercial contracts, capital investments, or real revenue generation from the new digital business segments.

Jolly Plastic Renamed to Sahaj Digital Ltd; Amends MoA Objects for AI & IT Pivot

🔵 WATCH ⭐ 4/10

OTHER 📅 18 Aug 2026, 05:19 PM

Jolly Plastic Industries Limited has received a fresh Certificate of Incorporation from the Registrar of Companies (ROC) dated 17 August 2026, officially changing its corporate name to Sahaj Digital Limited. The ROC has also approved and registered the alteration of its Memorandum of Association (MoA) Main Objects Clause on 18 August 2026 following shareholder approval at the AGM on 29 July 2026. The broadened objects permit entry into software development, cloud computing, artificial intelligence, fintech, and e-commerce. Investors should note this strategic pivot follows a Q1 Jun 2026 net loss of Rs 4.17 cr against Rs 12.46 cr revenue, alongside a minimal promoter stake of 0.04%.

Corporate name changed from Jolly Plastic Industries Limited to Sahaj Digital Limited effective 17 August 2026.
Shareholders approved the MoA object clause alteration at the AGM on 29 July 2026; ROC registered the change on 18 August 2026.
Amended objects clause broadens scope into AI, software development, fintech, cloud computing, and digital services.
Regulation 45 turnover/asset criteria not applicable as MoA objects were altered simultaneously with the name change, as certified by statutory auditors.

💡 Track subsequent exchange filings for concrete business orders, asset additions, and client acquisitions in the newly adopted IT/AI segments to verify operational execution.

Jolly Plastic Appoints Former IAS Mira Pande as Director; Two Directors Resign

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 13 Aug 2026, 05:37 PM

Jolly Plastic Industries has appointed Ms. Mira Pande, a former civil servant with over 30 years of experience, as an Additional Independent Director effective August 13, 2026. Simultaneously, two directors, Mr. Atul Kumar Agarwal and Mr. Braj Mohan Singh, resigned from the board citing personal commitments. These changes come at a time when the company reports zero TTM revenue and maintains a negligible promoter holding of 0.04%. The board has also reconstituted its Audit, Nomination, and Stakeholders Relationship committees to include the new appointee.

Appointment of Ms. Mira Pande as Additional Independent Director effective August 13, 2026
Resignation of 2 directors, Mr. Atul Kumar Agarwal and Mr. Braj Mohan Singh, effective August 13, 2026
Ms. Mira Pande brings over 30 years of experience, including serving as State Election Commissioner, West Bengal
Company reported TTM revenue of Rs 0 Cr and a net loss of Rs 0.27 Cr in the March 2026 quarter
Promoter holding remains extremely low at 0.04% as of March 2026

💡 Investors should monitor if this board-level change precedes any new business direction or capital infusion, given the company's current lack of operational revenue and minimal promoter stake.

Jolly Plastic Appoints Former Civil Servant Mira Pande; Two Directors Resign

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 13 Aug 2026, 05:35 PM

Jolly Plastic Industries has appointed Ms. Mira Pande, a former West Bengal State Election Commissioner, as an Additional Independent Director effective August 13, 2026. Simultaneously, two directors, Mr. Atul Kumar Agarwal and Mr. Braj Mohan Singh, resigned from the board citing personal commitments. These changes occur in a company with a TTM revenue of Rs 0 Cr and a very low promoter holding of 0.04%. The board has also reconstituted its Audit, Nomination, and Stakeholders committees to include the new appointee.

Appointment of Ms. Mira Pande as Additional Independent Director effective August 13, 2026
Resignation of 2 directors, Mr. Atul Kumar Agarwal and Mr. Braj Mohan Singh, effective August 13, 2026
Ms. Pande brings over 30 years of experience in public administration and financial planning
Company reported TTM revenue of Rs 0 Cr and a net worth of Rs 7 Cr
Promoter holding remains extremely low at 0.04% as of March 2026

💡 Investors should monitor if this high-profile board appointment signals a shift in business strategy or a potential revival of operations, given the current lack of revenue.

₹12.72 Cr Consolidated Income in Q1 FY27; First-time Consolidation Post-Acquisition

🔵 WATCH ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 02:58 PM

Jolly Plastic Industries reported a consolidated total income of ₹12.72 Cr for Q1 FY27, marking its first period of consolidation after acquiring Sahaj Retail Limited. Despite the significant revenue jump compared to its legacy standalone operations, the company posted a consolidated net loss of ₹4.17 Cr. The standalone business remains marginal with a total income of only ₹11.42 Lakhs. Notably, the paid-up equity capital has increased substantially to ₹24.37 Cr from ₹6.67 Cr in the previous quarter, indicating a major capital restructuring or issuance for the acquisition.

Consolidated total income reached ₹12.72 Cr in Q1 FY27, a massive scale-up from standalone TTM revenue of near zero.
Consolidated net loss for the quarter stood at ₹4.17 Cr, primarily due to total expenses of ₹16.89 Cr.
Paid-up equity share capital increased by 265% to ₹24.37 Cr from ₹6.67 Cr as of March 31, 2026.
Subsidiary Sahaj Retail Limited contributed ₹12.60 Cr to the total consolidated revenue.
The company has pivoted its primary business segment to IT Enabled Services (ITES) following the acquisition.

💡 Investors should monitor the operational efficiency and path to profitability for the newly acquired Sahaj Retail subsidiary, as the consolidated entity is now 100x the size of the original standalone business.

August 13 Board Meeting Scheduled to Approve Q1 FY27 Unaudited Financial Results

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 10 Aug 2026, 11:09 AM

Jolly Plastic Industries Ltd has scheduled a board meeting on August 13, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company operates on a very small scale, with FY26 total revenue of just Rs 0.47 Cr and a marginal net profit of Rs 0.01 Cr. A significant concern for investors is the negligible promoter holding, which stood at 0.04% as of March 2026. The trading window is currently closed and will reopen 48 hours after the results are declared.

Board meeting scheduled for August 13, 2026, to consider Q1 FY27 results
Company reported a net loss of Rs 0.27 Cr in the preceding quarter ended March 2026
Promoter holding is extremely low at 0.04% as of March 2026
FY26 annual revenue stood at a marginal Rs 0.47 Cr
Trading window closure ends 48 hours after the results are made public

💡 Monitor the Q1 FY27 results on August 13 to see if the company can improve its revenue from the low base of Rs 0.07 Cr reported in the March 2026 quarter.

82.60% voting turnout at Jolly Plastic AGM; name change and object clause alteration approved

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 31 Jul 2026, 11:17 AM

Jolly Plastic Industries held its 45th AGM on July 29, 2026, where shareholders approved 10 resolutions with 100% of votes cast in favor. Significant approvals include a change in the company's name, alteration of the object clause, and shifting the registered office to another state. Despite a total of 6,271 shareholders, the promoter group (holding only 0.04%) did not participate in the voting. The company currently reports zero TTM revenue, making these structural changes critical for any potential business pivot.

82.60% of the total 24,376,400 shares (20,131,701 votes) participated in the voting process.
100% of the votes cast were in favor of all 10 resolutions, including structural changes.
Special resolutions passed for a name change and alteration of the company's object clause.
Appointment of Mr. Shomik Kumar Mukerjee as Manager and Key Managerial Personnel approved.
Promoter group holding remains negligible at 0.04%, with zero votes cast by them at the AGM.

💡 Investors should monitor the specific details of the new name and updated object clause to understand the company's future business direction, as current operations are negligible.

Jolly Plastic to Rebrand as Sahaj Digital Ltd and Shift Office to West Bengal

🔵 WATCH ⭐ 6/10

OTHER 📅 29 Jul 2026, 12:29 PM

Jolly Plastic Industries held its 45th AGM on July 29, 2026, where shareholders approved a complete rebranding to 'Sahaj Digital Limited.' The company is shifting its registered office from Gujarat to West Bengal and altering its main object clause, signaling a potential pivot in business direction. These changes occur against a backdrop of minimal financial activity, with FY26 revenue at just ₹0.47 crore and a net profit of ₹0.01 crore. Additionally, M/s ALPS & Co. was appointed as the statutory auditor for a five-year term until 2031.

Shareholders approved the name change from Jolly Plastic Industries Limited to Sahaj Digital Limited
Registered office shifting from Gujarat to West Bengal with subsequent MoA alterations
Appointment of M/s ALPS & Co. as Statutory Auditors for a 5-year term ending in 2031
Appointment of Shomik Kumar Mukerjee as Manager and Key Managerial Personnel for 1 year
FY26 annual revenue reported at ₹0.47 crore with a net profit of ₹0.01 crore

💡 Watch for the specific details of the new 'Object Clause' to understand the intended digital business model. Monitor if the rebranding and relocation lead to actual business operations or capital infusion, given the current near-zero revenue.

Jolly Plastic Clarifies 32-Day Delay in Reporting CFO Resignation Effective June 12, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 14 Jul 2026, 05:25 PM

Jolly Plastic Industries has clarified a delay in notifying the exchange regarding the resignation of its Chief Financial Officer (CFO), Braj Mohan Singh. The resignation was effective from June 12, 2026, as Mr. Singh transitioned to a Non-Executive Director role within the company. The Board took this on record during a meeting on July 3, 2026, but the formal disclosure was only filed on July 14, 2026. The company attributed the delay to administrative oversight during a broader management restructuring.

CFO Braj Mohan Singh resigned from his position effective June 12, 2026
The Board of Directors formally recorded the resignation 21 days later on July 3, 2026
The company filed the clarification for the reporting delay on July 14, 2026
Mr. Singh remains associated with the company as a Non-Executive Director
Company cited 'administrative oversight' for the roughly 32-day delay in intimation

💡 Investors should monitor the company for the appointment of a new CFO and observe if any regulatory penalties are imposed by the exchange for the reporting delay.

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