Scrutinizer''s Report for the Postal Ballot Dated 28-08-2025
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Bisil Plast Limited conducted a postal ballot through remote e-voting which closed on August 28, 2025, and all three special resolutions were passed. Resolution 1 approved changing the company name from 'Bisil Plast Limited' to 'Karnawati Innovation Limited', with 134 members voting in favor and 4 against (99.25% in favor). Resolution 2 approved the appointment of Mr. Anandbhai Jadala as Non-Executive Independent Director for 5 years (132 in favor, 6 against; 99.19% in favor). Resolution 3 approved the appointment of Ms. Nidhiben Ravindrakumar Joshi as Non-Executive Women Independent Director for 5 years (134 in favor, 4 against; 99.25% in favor). Only 138 of the total 45,302 members participated, casting votes on 475,969 equity shares out of 54,031,000 outstanding shares — a turnout of just 0.88%. The new name has already received approval from the Central Registration Centre (CRC) on July 15, 2025.
The name change signals a possible strategic pivot away from the plastics business toward a broader 'innovation' identity, which investors should watch for further business updates. Two new independent directors strengthen board oversight and gender diversity. However, the very low shareholder voting turnout (under 1%) means the resolutions were approved by a small fraction of the shareholder base.