Outcome of Right Issue Committe Meeting-Withdrawal of Rigt Issue

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Price reactionminutes from the announcement price · days from the prior close

-3.1%Reaction day

₹0.98

prior close

₹0.98

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-3.0% vs market

Packaging peers, median of 59sector-0.7%-2.4% vs sector

On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 2.4 pts less than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-3.1-0.1-3.0-0.7-2.4

Next day

-5.1+0.2-5.4-0.4-4.7

-9.2+0.6-9.8-0.9-8.3

-13.3+0.9-14.2-0.6-12.7

-9.2+1.0-10.2-0.8-8.4

-5.1+0.7-5.8-0.5-4.6

+3.1+1.8+1.3+0.4+2.7

15d

+48.0+1.7+46.3-0.7+48.7

+76.5+3.1+73.5-0.5+77.0

+51.0+1.7+49.3-1.9+52.9

+76.5-1.0+77.6-4.3+80.8

UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 59Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bisil Plast Limited has withdrawn its proposed rights issue, which was originally announced via Letter of Offer dated March 4, 2025, and was open for subscription from March 18, 2025 to April 16, 2025. The issue aimed to raise up to ₹48.63 crore by issuing 48.62 crore equity shares at ₹1 per share in a 9:1 ratio to existing eligible shareholders. The withdrawal was triggered by the company's failure to secure the BSE listing approval within the required timeline, which left shareholders' funds blocked and attracted investor complaints. The Rights Issue Committee resolved to withdraw the issue on May 27, 2025, and the company is now coordinating with banks and its registrar (MUFG Intime India) to unblock the investors' funds.

Likely market impact

Negative for shareholders in the short term — investors who applied will get their money back but lose any potential upside from the discounted rights entitlement. The failed capital raise also signals operational/regulatory hiccups and may dent investor confidence in the company's fundraising capability.