Sahaj Digital issued 1.77 crore shares for Sahaj Retail

Sahaj Digital Limited issued 1.77 crore preferential equity shares on April 3, 2026 to acquire 100% of Sahaj Retail Limited for non-cash consideration, making Sahaj Retail a wholly owned subsidiary. The transaction also brought Sahaj Insurance Services into the group and resulted in first-time consolidated revenue of Rs 31.59 crore for the half year ended September 30, 2026.

How did Sahaj Digital acquire Sahaj Retail?

Sahaj Digital acquired Sahaj Retail by allotting 1.77 crore equity shares of face value Rs 10 each to Bhaum Digital Ventures Private Limited on April 3, 2026. The preferential allotment was consideration other than cash for 100% of Sahaj Retail’s equity shares, according to the notes accompanying the September 30, 2026 results.

The filing does not disclose a separate transaction valuation, purchase-price allocation or any cash component. It states that Sahaj Retail became a wholly owned subsidiary after the allotment. Sahaj Insurance Services Private Limited, then wholly owned by Sahaj Retail, consequently became Sahaj Digital’s step-down subsidiary.

The shares issued had an aggregate face value of Rs 17.70 crore. Standalone equity share capital rose to Rs 24.38 crore at September 30, 2026 from Rs 6.68 crore at March 31, 2026, a Rs 17.70 crore increase that matches the nominal value of the preferential allotment.

What businesses are now part of Sahaj Digital?

Sahaj Digital’s reporting group consists of the parent, Sahaj Retail as a wholly owned subsidiary, and Sahaj Insurance Services as a step-down subsidiary from April 3, 2026. The company changed its name from Jolly Plastic Industries Limited to Sahaj Digital Limited on August 17, 2026.

The standalone accounts identify information technology enabled services, or ITES, as Sahaj Digital’s single primary business segment under Indian Accounting Standard 108. The September 30 filing therefore provides no separate revenue, profit, asset or liability figures for Sahaj Retail or Sahaj Insurance Services.

The group balance sheet, however, contains assets beyond the parent-only presentation. At September 30, 2026, consolidated intangible assets under development were Rs 8.27 crore, other intangible assets were Rs 1.50 crore and property, plant and equipment were Rs 28.83 lakh. Consolidated total assets were Rs 66.39 crore, compared with standalone total assets of Rs 24.13 crore.

The company’s transaction note calls Sahaj Insurance Services a step-down subsidiary because it was wholly owned by Sahaj Retail. The independent reviewer’s report uses the term fellow subsidiary for Sahaj Insurance Services, but the filing does not explain that difference in terminology.

How did the acquisition change Sahaj Digital’s reporting?

Sahaj Digital began publishing consolidated financial results during the year after acquiring control over subsidiaries on April 3, 2026. It did not provide corresponding consolidated figures for prior quarters or years because it had not been required to prepare consolidated results in earlier periods.

For the half year ended September 30, 2026, consolidated revenue from operations was Rs 31.59 crore and total income was Rs 32.05 crore. The group reported a loss after tax of Rs 7.89 crore for the same six-month period, including a Rs 3.68 lakh tax expense.

Revenue increased by Rs 6.67 crore between the June and September 2026 quarters. Total expenses increased by Rs 6.14 crore over the same period, while the consolidated loss after tax narrowed by Rs 45.53 lakh to Rs 3.72 crore from Rs 4.17 crore.

The consolidated results are the first such results for the group, so the filing does not support a year-on-year comparison of group revenue or profit. The company also says corresponding prior-period consolidated figures were not given because there were no subsidiaries in the earlier periods.

What do Sahaj Digital’s standalone accounts show?

Sahaj Digital’s standalone accounts record a Rs 17.70 crore investment at September 30, 2026, while the consolidated accounts include the controlled entities line by line. The distinction means the standalone balance sheet reflects the parent’s direct holding rather than the operating assets and liabilities of the full group.

Standalone total assets increased to Rs 24.13 crore at September 30, 2026 from Rs 6.89 crore at March 31, 2026. Non-current assets were Rs 23.28 crore, comprising the Rs 17.70 crore investment, Rs 5.57 crore of loans and advances, and Rs 3.70 lakh of other financial assets.

Standalone current assets were Rs 85.26 lakh at September 30, 2026, including Rs 13.80 lakh of cash and cash equivalents. That cash balance was lower than the Rs 14.84 lakh reported at March 31, 2026, while trade receivables stood at Rs 35.65 lakh in September.

The parent reported a standalone loss after tax of Rs 57.10 lakh for the half year ended September 30, 2026, compared with a profit after tax of Rs 3.62 lakh in the corresponding half year of 2025. The September 2026 quarter recorded a Rs 43.43 lakh loss after tax, compared with a Rs 13.66 lakh loss in the June 2026 quarter.

What does the consolidated balance sheet show?

Sahaj Digital reported consolidated cash and cash equivalents of Rs 4.17 crore at September 30, 2026, compared with Rs 13.80 lakh in the standalone accounts. The group also held Rs 7.54 crore of bank balances other than cash equivalents and Rs 10.61 crore of other current assets.

The group reported Rs 4.85 crore of non-current borrowings and Rs 7.10 crore of current borrowings at September 30, 2026. Consolidated current liabilities were Rs 35.30 crore, including Rs 16.11 crore of other current liabilities and Rs 8.13 crore of other financial liabilities.

Total consolidated equity was Rs 22.21 crore, comprising Rs 24.38 crore of equity share capital and negative other equity of Rs 2.17 crore. Non-current liabilities were Rs 8.88 crore, including deferred tax liabilities of Rs 3.74 crore and provisions of Rs 28.84 lakh.

Conclusion

Sahaj Digital used a non-cash preferential allotment of 1.77 crore shares on April 3, 2026 to acquire Sahaj Retail and bring Sahaj Insurance Services into its group structure. The share issue increased standalone equity share capital by Rs 17.70 crore, while the first consolidated accounts reported Rs 31.59 crore of half-year revenue and a Rs 7.89 crore loss after tax.

The next reported results will show whether Sahaj Digital provides further comparable consolidated periods or separate operating disclosures for the acquired entities. The November 13, 2026 filing does not disclose a transaction valuation, segment-level contribution from Sahaj Retail or Sahaj Insurance Services, or any revenue or profit target for either business.