Notice of shareholders Meeting held through Postal Ballot
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Bisil Plast Limited has issued a postal ballot notice seeking shareholder approval via remote e-voting from July 30, 2025 to August 28, 2025 (cut-off date July 25, 2025). Three special resolutions are proposed: (1) changing the company's name from 'Bisil Plast Limited' to 'Karnawati Innovation Limited' along with related changes to the MOA and AOA, to reflect a strategic shift away from plastic bottles into agriculture, jewellery/gems, and plastic recycling; (2) appointing Mr. Anandbhai Jadala (DIN: 11187923) as Non-Executive Independent Director for a 5-year term effective July 5, 2025; and (3) appointing Ms. Nidhiben Ravindrakumar Joshi (DIN: 10132922) as Non-Executive Women Independent Director for a 5-year term effective March 4, 2025. The new name has already received approval from the Central Registration Centre. There is no change to the company's legal status or existing contracts as a result of the renaming.
Shareholders will vote on a corporate rebranding tied to a major diversification push, which could shift the company's risk profile but also open new growth avenues. The addition of two independent directors (including a women independent director) strengthens board composition, which is generally viewed positively by the market.