Jolly Plastic Industries is transforming into Sahaj Digital Limited, focusing on tech and digital services. The company saw revenue grow but net profit decline by 39.8% in FY26. A new controlling shareholder, Bhaum Digital Ventures, has acquired a 72.61% stake.
Jolly Plastic Industries Transforms into Sahaj Digital Limited
Jolly Plastic Industries Ltd has announced a significant strategic pivot, aiming to transform into a technology and digital services enterprise. The company will now operate under the new name 'Sahaj Digital Limited'. **Revenue from Operations:** ₹0.02 crore (₹22.59 lakh) in FY 2025-2026, up 32.7% **Net Profit:** ₹0.01 crore (₹1.06 lakh) in FY 2025-2026, down 39.8% Reader Takeaway: Identity shift to tech; revenue up but profit down significantly. ## What just happened Jolly Plastic Industries Limited is undergoing a complete business and strategic transformation. It is rebranding as 'Sahaj Digital Limited' and shifting its focus to technology and digital services. This includes areas like software development, cloud computing, AI, e-governance, and rural digital infrastructure. The company is also relocating its registered office from Gujarat to West Bengal. ## Why this matters This pivot signals a fundamental change in the company's direction, moving away from its previous business activities to embrace the technology sector. The change in name and business focus aims to reflect its new operational scope. Furthermore, a significant change in control has occurred with Bhaum Digital Ventures Private Limited acquiring a 72.61% stake through a preferential allotment of 1.77 crore equity shares. ## The backstory Jolly Plastic Industries has historically operated in a different sector, with its recent financial performance indicating a standalone net profitability decline for FY 2025-2026. Despite a 32.7% increase in revenue from operations to ₹0.02 crore (₹22.59 lakh), total income fell by 23.3% to ₹0.047 crore (₹47.08 lakh) due to lower other income. ## What changes now The company's operations will now encompass software development, cloud computing, AI-driven solutions, e-governance, financial inclusion, and rural digital infrastructure. The acquisition by Bhaum Digital Ventures suggests a new management strategy and potential for investment in these new verticals. The relocation of the registered office to West Bengal also marks a geographical shift for its corporate base. ## Risks to watch A key risk to monitor is the company's ability to successfully execute its transition into the technology and digital services domain. The decline in net profit by 39.8% to ₹0.01 crore (₹1.06 lakh) and a 40.7% drop in EPS, alongside a significant decrease in other income, highlights current financial pressures. The auditor's qualification remark regarding the accounting software lacking an audit trail feature also points to potential governance or compliance concerns that need prompt resolution. ## Auditor Remarks The statutory auditor's report included a qualification stating that the accounting software used for the year ended March 31, 2026, lacked an audit trail feature. Management has stated they are in the process of updating the software. ## What to track next Investors should closely watch the successful integration of the new digital business verticals, the impact of the change in control on strategic decisions, and how the company addresses the auditor's qualification. Progress on the software update and future financial performance under the new identity will be critical indicators.
