Outcome of the Rights issue Committee of Bisil Plast Limited for Further Extention of closing date of Right issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bisil Plast Limited has further extended the closing date of its ongoing Rights Issue to Wednesday, April 16, 2025, from the earlier scheduled date of April 11/12, 2025. The decision was taken by the Rights Issue Committee at its meeting held on April 9, 2025, to give eligible shareholders more time to exercise their rights. The Rights Issue, which opened on March 18, 2025, now allows shareholders additional days to submit the duly filled Composite Application Form (CAF) along with the application money. There is no change to the Letter of Offer (LOF), CAF, or ALOF, except for the revised closing date and corresponding shift in post-issue activity timelines.
Eligible shareholders now have until April 16, 2025, to participate in the Rights Issue. Repeated extensions of a rights issue closing date can sometimes hint at weak subscription interest, though the company has framed it as offering shareholders additional opportunity to participate.