Revised Otcome of the Right Issue Committee of Bisil plast Limited for Further Extension of closing date of right issue
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Bisil Plast Limited has further extended the closing date of its ongoing Rights Issue by 5 days, from April 11, 2025 to April 16, 2025. The Rights Issue had originally opened on March 18, 2025, and the Rights Issue Committee decided on this extension during its meeting on April 9, 2025 to give shareholders more time to apply. Shareholders now need to submit their duly filled Composite Application Form (CAF) along with the application money by April 16, 2025. There is no change to the Letter of Offer, CAF, or ALOF except for the revised closing date and related post-issue activity timeline.
Shareholders who have not yet subscribed to the Rights Issue get additional time (5 extra days) to participate. Repeated extensions may signal slower-than-expected subscription, though the company states the reason is simply to allow more shareholders to exercise their rights.