Bisil Plast Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/09/2025 ,inter alia, to consider and approve Intimation of meeting of the Board ....
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Bisil Plast Limited has called a Board meeting on September 1, 2025 to consider several important matters. The Board will consider appointing Mr. Ravikumar Kumar Kirtibhai Patel as the new Managing Director and Chief Financial Officer, subject to shareholder approval. This follows the resignation of Mr. Kevinkumar Mansukhlal Saparia as Managing Director and CFO, effective August 28, 2025. The Board will also approve the notice and fix the date, time, and venue for the 39th Annual General Meeting, along with the book closure and e-voting cut-off dates. Additionally, the Board will discuss a proposal to raise funds through methods such as a Further Public Issue, QIP, preferential allotment, or private placement of equity shares or convertible securities, subject to shareholder and regulatory approvals.
Shareholders should note a leadership change at the top with a new MD and CFO taking over, and watch for the upcoming AGM details. The proposal to raise fresh capital through equity or convertible instruments could lead to dilution of existing shareholdings if approved.