Jumbo Bag ltd. — Board/Management Information 2025

Mar 25, 2025

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JSE-53 /2024-2025

25.03.2025

To The BSE Ltd, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001.

Scrip Code: BSE: 516078

Sub: Outcome of Board Meeting held on 25[th] March, 2025

Ref: Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015

Pursuant to SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 (Listing Regulation) we wish to inform you that in terms of Regulation 30 and other applicable provisions of Listing Regulation, the Board of Directors of the Company at its meeting held on (Tuesday) 25[th] March 2025 commenced at 11:30 A.M and concluded at 05:00 P.M have inter alia approved:

1. Issue of upto 6,00,000 (Six Lakhs) Convertible Equity Warrants (“Warrants”) with each warrant convertible into 1 (one) fully paid-up equity share of the company of Face Value of Rs. 10/- (Rupee Ten Only) each at price of Rs. 61/- each payable in cash (including the warrant subscription price and the warrant exercise price) determined as per the provisions of Regulation 164 of SEBI (ICDR) Regulations, 2018 within the maximum period of 18 (eighteen months) aggregating upto Rs. 3,66,00,000 (Rupees Three crores Sixty Six Lakhs Only) to to the persons mentioned at S. Nos 1 to 9 (collectively referred to as the “Investors”) to promoters and certain other identified non promoter persons/entities on a preferential basis (“Preferential Issue”), and on such terms and conditions as may be determined by the Board in accordance with the SEBI ICDR Regulations and other applicable laws subject to approval of shareholders of the company. (Annexure-I)

2. Notice of Extra Ordinary General Meeting of the Member of the Company scheduled to be held on Thursday, 24[th] April, 2025.

3. Appointment of Mr. Sunil Kumar Alluri (Membership No: A69903) as Company Secretary and Compliance Officer of the Company w.e.f 25.03.2025 (Annexure-II)

4. The Appoitment of Shri G S Srinivas as an additional director (Category- Non-Executive Director) of the Company w.e.f 25.03.2025 (Annexure-III)

5. The Valuation Report prepared by the Registered Valuer Mr. S Dehaleesan (IBBI Registration No: IBBI/RV/04/2019/11659) for the Computation of price for the Preferential Issue of Warrants.

6. List of allottees along with number of warrants to be issued under preferential allotment.

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1. The appointment of Central Depository Services (India) Limited as the facilitator for the purpose of e-voting for the ensuing EGM.

2. Appointment of M/s. Lakshmmi Subramanian & Associates as scrutinizer for e-voting to be conducted in the ensuing Extra Ordinary General Meeting

Details as required under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 read with SEBI Circulars bearing Ref. No. CIR/CFD/CMD/4/2015 dated 09th September, 2015 and SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated 13th July, 2023 are enclosed herewith.

This is for your information and record.

Thanking You

Yours Faithfully

FOR JUMBO BAG LIMITED

Digitally signed by ANILKUMAR ANILKUMAR SUDHAKAR GORANTLA SUDHAKAR GORANTLA Date: 2025.03.25 16:50:52 +05'30'

G S ANILKUMAR MANAGING DIRECTOR & COMPLIANCE OFFICER DIN: 00080712

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Annexure-I

Details as required under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

Sr. No.	Particulars	Details
1.	Type of securities proposed to be issued (viz. equity shares, convertibles, etc.)	Convertible Equity Warrants
2.	Type of issuance (further public offering, rights issue, depository receipts, (ADR/GDR), qualified institutions placement, preferential allotment, etc.)	Preferential Issue in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("ICDR Regulations") and other applicable laws.
3.	Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately)	Issue of upto 6,00,000 (Six Lakhs) Convertible Equity Warrants (“Warrants”) with each warrant convertible into 1 (one) fully paid-up equity share of the company of Face Value of Rs. 10/- (Rupee Ten Only) each at price of Rs. 61/- each payable in cash (including the warrant subscription price and the warrant exercise price) determined as per the provisions of Regulation 164 of SEBI (ICDR) Regulations, 2018 within the maximum period of 18 (eighteen months) aggregating upto Rs. 3,66,00,000 (Rupees Three crores Sixty Six Lakhs Only) to to the persons mentioned at S. Nos 1 to 9 (collectively referred to as the “Investors”) to promoters and certain other identified non promoter persons/entities on a preferential basis (“Preferential Issue”), and on such terms and conditions as may be determined by the Board in accordance with the SEBI ICDR Regulations and other applicable laws subject to approval of shareholders of the company.
4.	In case of preferential issue, the listed entity shall disclose the following additional details to the stock exchange

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	i. Name of the Investors;		S. NO	NAME	NAME	CATEGORY	CATEGORY	NUMBER OF Warrants	NUMBER OF Warrants		VALUE OF EQUITY SHARES (Rs)	VALUE OF EQUITY SHARES (Rs)
			1	G S Anilkumar		Promoter		1,20,000
			2	G A Darshan		Public		30,000
			3	G V Gopinath		Promoter Group		75,000
			4	G Sangeetha		Promoter Group		60,000
			5	G karthik Gaurav		Public		15,000
			6	G S Sridhar		Promoter Group		45,000
			7	G S Srinivas		Promoter Group		75,000
			8	G S Vijayalakshmi		Promoter Group		75,000
			9	G S Jwala		Promoter Group		1,05,000
			TOTAL					6,00,000
	ii. Post allotment of securities – outcome of the subscription, issue price / allotted price (in case of convertibles), number of investors;		S. NO	NAME	Pre preferential Allotment holdings			Post Issue Equity holdings after exercise of warrants (Assuming full conversion pof warrants)			VALUE OF EQUITY SHARES (Rs)
					No		%	No	%
			1	G S Anilkumar	32550		0.39	152550	1.82
			2	G A Darshan	0		0	30000	0.35
			3	G V Gopinath	28000		0.33	103000	1.23
			4	G Sangeetha	19167		0.23	79167	0.94
			5	G karthik Gaurav	0		0	15000	0.17
			6	G S Sridhar	31550		0.38	76550	0.91
			7	G S Srinivas	31550		0.38	106550	1.27
			8	G S Vijayalakshmi	6000		0.07	81000	0.96
			9	G S Jwala	6800		0.08	111800	13.35
			TOTAL		155617		1.86	755617	21

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iii. In case of The tenure of the warrants shall not exceed 18 (eighteen) months convertibles – from the date of allotment. Each equity warrant shall carry a right to Intimation on subscribe 1 (one) Equity Share per warrant, which may be exercised in conversion of one or more tranches during the instrument period commencing from securities or the date of allotment of warrants until the expiry of 18 (eighteen) on lapse of months from the date of allotment of the warrants. In the event that, a the tenure of warrant holder does not exercise the warrants within a maximum the period of 18 (Eighteen) months from the date of allotment of such instrument warrants, the unexercised warrants shall lapse and the amount paid by the warrant holders on such Warrants shall stand forfeited by the Company.

Annexure-II

Details as required under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13,2023

Appointment of Mr. Sunil Kumar Alluri (Membership No: A69903) as Company Secretary and Compliance Officer of the Company

Sl. No.	Details of event that need to be provided	Information of such event(s)
1.	Reason for change	Appointment of Mr. Sunil Kumar Alluri as Company Secretary and Compliance Officer, due to casual vacancy caused by resignation of Mrs. Bharathi J earlier Company Secretary and Compliance Officer.
2.	Date of appointment/ resignation & term of appointment	Appointed with effect from 25.03.2025
3.	Brief Profile	Mr. Sunil Kumar Alluri is a Qualified Company Secretary bearing Membership Number A69903. Further she holds Bachelor's Degree in Commerce (B.COM).
4.	Disclosure of relationship between Directors	Mr. Sunil Kumar Alluri is not related to an Director of the Company.

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Annexure-III

Details as required under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13,2023

Appointment of Shri G S Srinivas as an additional director (Category- Non-Executive Director) of the Company with IOCL approval.

Sl. No.	Details of event that need to be provided	Information of such event(s)
1.	Reason for change	Appointment of Shri G S Srinivas as additional Director (Non-executive director) to broad base the board.
2.	Date of appointment/ resignation & term of appointment	Appointed with effect from 25.03.2025
3.	Brief Profile	Shri G S Srinivas is a Soon after graduation, joined Bliss Group as a Management Executive in the year 1995 handling Paper Trading Division. Subsequently in 2001, had an opportunity to start a FIBC unit in Maharashtra. As a promoter director of JBL Saks Pvt Ltd, I have a 23-year experience in company’s operations, marketing and finance. I also hold a Jt Secretary Post at Murbad Manufacturers Association Ltd and actively involved in skill development at ITI Murbad as an Industry representative.
4.	Disclosure of relationship between Directors	Shri G S Srinivas is related to Shri G S Anilkumar Managing Director of the company
5.	Whether person appointed is debarred from holding office by virtue of any SEBI Order or any other authority in compliance with the circular no. NSE/CML/2018/02 issued by National Stock Exchange of India Limited and circular no. LIST/COMP/14/2018-19 issued by BSE Limited (both circulars dated June 20, 2018)	No

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