Outcome of the Meeting of the Board of Directors of Bisil Plast Limited pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 - Allotment of Equity Shares.
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Bisil Plast Limited's Board approved the allotment of 48,62,79,000 Rights Equity Shares at ₹1 per share (face value ₹1), in furtherance of its Rights Issue with Letter of Offer dated March 4, 2025. The total amount raised is approximately ₹4.86 crore. The Rights Issue Committee also allotted balance shares to 613 applicants who were not on the master list as of the record date, had nil holdings on closing day, or applied for additional/partly renounced shares. The board meeting was held on April 22, 2025, and concluded in 40 minutes.
This is the completion of a small rights issue at par (₹1 = ₹1), which expands the share base significantly but raises limited capital (~₹4.86 crore). Existing shareholders' percentage holdings will get diluted proportionally; for retail investors, this is largely a procedural allotment notice with minor dilution impact.