Jolly Plastic Industries Ltd. — M&A Activity 2026

May 19, 2026

4

SUMEDHA

adding values to value

Sumedha Fiscal Services Ltd.

CIN: L70101WB1989PLC047465

Registered & Corporate Office:

8B Middleton Street, 6A Geetanjali, Kolkata – 700071

Tel.: +91 33 2229 6758 / 6813 5900

E-mail: takeover_mb@sumedhafiscal.com

Website: www.sumedhafiscal.com

Date: May 19, 2026

To,

The Chief General Manager

Listing Operation

BSE Limited,

20th Floor, P. J. Towers,

Dalal Street, Mumbai – 400 001.

Scrip code: 507968

Subject: Open Offer made by M/s Bhaum Digital Ventures Private Limited (hereinafter referred to as the “Acquirer”) for acquisition of up to 63,37,864 Offer Shares representing 26.00% of the expanded equity and voting share capital of Jolly Plastic Industries Limited, from Public Shareholders of Jolly Plastic Industries Limited in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulation 2011, including subsequent amendment (“SEBI (SAST) Regulations”).

Reference: Submission of Post Offer advertisement dated May 19, 2026.

Dear Madam/Sir,

With respect to the captioned subject and in accordance with Regulation 18(12) of the Securities Exchange Board of India (Substantial Acquisition of Shares and Takeovers), Regulations,2011 and subsequent amendment thereto, the Post Offer Advertisement was published on May 19, 2026, in the following newspapers:

Sr. No.	Publications	Language	Editions
1.	Financial Express	English	All Edition
2.	Jansatta	Hindi	All Edition
3.	Mumbai Lakshadeep	Marathi	Mumbai Edition
4.	Financial Express	Gujrati	Ahmedabad Edition

Accordingly, enclosed is the e-newspaper of the Post Offer Advertisement, as published in Financial Express (Kolkata Edition).

We hope your good self will find the above in order and request you to disseminate the same on your website.

Thanking You.

Yours Faithfully,

For Sumedha Fiscal Services Limited

Ajay K Laddha

Aajay K Laddha

President- Investment Banking

Encl.: As Above

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POST-OFFER ADVERTISEMENT UNDER REGULATION 18 (12) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS 2011, AS AMENDED ("SEBI (SAST) REGULATIONS") FOR THE ATTENTION OF THE ELIGIBLE SHAREHOLDERS OF

Jolly Plastic Industries Limited ("JOLVPLS"; "TARGET COMPANY")

Corporate Identification Number (CIN): L70130GJ1981PLCO04932;

Registered Office: 426, 4th Floor, Patel Avenue, Near Gurudwara, 3/5 Road, Bodakder, Ahmedabad - 380054

Corporate Office: S-524, F/F, School Block Vikas Marg, Shakarpur, Delhi- 110092, India

Tel No: +011-35000735; E-mail Id: jollyolashdltd@gmail.com;

Website: www.jollyplasticindustriestt.in

OPEN OFFER FOR THE ACQUISITION OF UPTO 63,37,864 (SIXTY-THREE LAKH THIRTY-SEVEN THOUSAND EIGHT HUNDRED SIXTY-FOUR ONLY) FULLY PAID-UP EQUITY SHARES OF THE FACE VALUE OF ₹ 10/- EACH (EQUITY SHARED); REPRESENTING 26% (TWENTY-SIX PERCENT) OF THE EXPANDED EQUITY AND VOTING SHARE CAPITAL OF JOLLY PLASTIC INDUSTRIES LIMITED ("JPL" OR "TARGET COMPANY" OR "TC") FROM THE PUBLIC SHAREHOLDERS OF THE TARGET COMPANY AT AN OFFER PRICE OF 1.15/- PER EQUITY SHARE OF THE TARGET COMPANY AGGREGATING TO ₹ 6,33,78,640 /- (RUPEES SIX CRORE THIRTY THREE LAKH SEVENTY EIGHT THOUSAND SIX HUNDRED FORTY ONLY) BY BHAUM DIGITAL VENTURES PRIVATE LIMITED (HERENAFTED REFERRED TO AS "ACQUIRED") PURSUANT TO AND IN COMPLIANCE WITH REGULATION 3(1) & 4 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS 2011, AS AMENDED FROM TIME TO TIME ("SEBI (SAST) REGULATIONS").

This Post Offer Advertisement, is being Issued by Sumetha Fiscal Services Limited, on behalf of Ms. Bhaum Digital Ventures Private Limited, (hereinafter referred to as "the Acquirer") pursuant to Regulation 18(12) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, this Post-Offer Advertisement should be read in continuation of, and in conjunction with the:

(a) Public Announcement dated Wednesday, January 21, 2026, ("Public Announcement" or "PA")

(b) Detailed Public Statement dated Thursday, January 29, 2026, published in the following newspapers :

S.No.	Newspapers	Language	Editions
1.	Financial Express	English	All Edition
2.	Janoatta	Hindi	All Edition
3.	Mumbai Lakshadeep	Marathi	Mumbai Edition
4.	Financial Express	Gujrati	Ahmedabad Edition

(c) Draft Letter of Offer dated Thursday February 6, 2026 ("DLOF")

(d) Letter of Offer dated Thursday, April 9, 2026, ("Letter of Offer" or "LOF")

(e) Recommendations of the Independent Directors of the Target Company which were approved on Monday, April 13, 2026, and published in the newspaper on Tuesday, April 14, 2026 ("Recommendations of the Independent Directors of the Target Company")

(f) Offer Opening Advertisement published on Thursday, April 16, 2026, in the same newspapers in which DPS was published.

(g) This Post Offer Advertisement is being published in all newspapers in which the DPS was published.

(h) The Eligible Shareholders of the Target Company are kindly requested to note the following information with respect to the Open Offer:

1. Name of the Target Company	Jolly Plastic Industries Limited
2. Name of the Acquirer and PAC	Bhaum Digital Ventures Private Limited
PAC: Nil
3. Name of Manager to the Offer	Sumetha Fiscal Services Limited
4. Name of the Registrar to the Offer	Skyline Financial Services Limited

(i) Offer Details :-

1. Date of Opening of the Offer: Friday, April 17, 2026

2. Date of Closure of the Offer: Thursday, April 30, 2026

(j) Date of Payment of Consideration: Tuesday, May 12, 2026

(k) Details of Acquisition : -

Sl. No.	Particulars	Proposed in the Offer Document	Actuals
1.	Offer Price	₹10.00/-	₹10.00/-
2.	Aggregate number of shares tendered	63,37,864	9,83,001
3.	Aggregate number of shares accepted	63,37,864	9,83,001
4.	Size of the Offer (Number of shares multiplied by offer price per share)	₹ 6,33,78,640/-	₹ 98,30,010/-
5.	Shareholding of the Acquirer before Share Purchase Agreement (SPA) and Public Announcement
	• Number of equity shares	Nil	Nil
	• % of total expanded equity and voting share capital	0.00%	0.00%
6.	Shares acquired by way of Share Purchase Agreement (SPA) via Preferential Allotment
	• Number of equity shares	1,77,00,000	1,77,00,000
	• % of total expanded equity and voting share capital	72.61%	72.61%
7.	Shares Acquired by way of Open Offer
	• Number of equity shares	63,37,864	9,83,001
	• % of total expanded equity and voting share capital	26.00%	4.03%
8.	Shares acquired after Detailed Public Statement
	• Number of shares acquired	Nil	Nil
	• Price of shares acquired	Nil	Nil
	• % of shares acquired	Nil	Nil
9.	Post offer shareholding of Acquirer
	• Number of equity shares	2,40,37,864	1,86,83,001
	• % of total voting share capital	48.61%	76.64%
10.	Pre & Post offer shareholding of the Public
	• Number of equity shares	Pre Offer	Post Offer
	• % of total expanded equity and voting share capital	66.73,400	3,38,530
		(99.96%)*	(1.39%)*

*Computed as a %age of pre preferential equity and voting share capital of Jolly Plastic Industries Limited

$This includes the 3000 shares of the erstwhile promoters that will be reclassified as Public Shareholders.

*Computed as a %age of the expanded equity and voting share capital of Jolly Plastic Industries Limited

(f) The Acquirer along with its directors accepts full responsibility for the information contained in this Post Offer Advertisement and also for the fulfillment of his obligations as laid down by SEBI (SAST) Regulations, 2011.

(m) A copy of this Post Offer Advertisement will be available on the same date of SEBI at www.sats.gov.in, BSE at www.basindia.com and the registered office of the Target Company

(n) Capitalized terms used in this advertisement and not defined herein, shall have same meaning assigned to them in the Letter of Offer dated April 09, 2026.

ISSUED BY THE MANAGER TO THE OFFER ON BEHALF OF THE ACQUIRER:

Manager to the Offer :

SUMEDHA

LANDING AGENCY, INC.

Name: SUMEDHA FISCAL SERVICES LIMITED

Registered Address: 6A Geotarjali, 6th Floor, 6B Middleton Street, Kolkata - 700 071, West Bengal, India.

Tel: +91 33 2229 8936 / 6813 5900

Fax: N.A.

Email Id: takeover_mb@sumedhafiscal.com

Investor grievance: mb_compliance@sumedhafiscal.com

Website: www.sumedhafiscal.com

Contact Person: Ajay K Leddha

SEBI Registration Number: INM000008753

Validity of Registration: Permanent

Place: Kolkata

Date: May 19, 2026

epaper.financialexpress.com