Announcement under Regulation 30 of SEBI (LODR) regarding Appointment of Managing Director
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Bisil Plast Limited (BSE Scrip Code 531671) announced that its Board of Directors, at a meeting held on 1 September 2025, approved the appointment of Mr. Ravikumar Kumar Kirtibhai Patel as the Managing Director of the company. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Audit Committee, and is for a term of five years subject to shareholder approval. Mr. Patel has experience in finance and management and is not related to any existing directors on the board. He has also not been debarred from holding the office of Managing Director by SEBI or any other authority.
This is a routine leadership appointment that brings a finance and management professional to head day-to-day operations. The appointment is subject to shareholder approval, and the change is unlikely to cause immediate share price movement unless investors view his track record as a positive catalyst.