Voting Results as per Regulation 44(30) of SEBI (LODR) Regulation 2015 of the 39th annual general meeting of the Bisil plast Limited held on 27th September 2025 at 12: Pm
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Bisil Plast Limited (BSE: 531671) held its 39th AGM on September 27, 2025 via video conferencing. Shareholders approved all 8 resolutions with overwhelming majority (over 99.8% in favor). Key approvals include: (i) adoption of FY25 audited financial statements, (ii) re-appointment of Mr. Jagdip Panachand Vora as director, (iii) appointment of Mr. Ravikumar Kirtibhai Patel as Managing Director for 5 years (Sept 2025 to Sept 2030), (iv) appointment of M/s Vishakha Agrawal & Associates as Secretarial Auditor for FY 2025-26 to 2029-30, (v) increasing the FPI/FII aggregate shareholding limit to 49% of paid-up capital, (vi) raising limits under Section 186 for loans/guarantees/investments to Rs. 500 crore, and (vii) approval to raise up to Rs. 99 crore via Qualified Institutions Placement (QIP). Notably, only 240,377 shares were polled (just 0.445% of the 54,031,000 outstanding shares), and the promoter category reported zero shares held, indicating very low retail participation and possibly an unusual shareholding structure.
The QIP approval of up to Rs. 99 crore signals potential equity dilution ahead, and the Rs. 500 crore Section 186 limit gives the board wide latitude for loans, guarantees, and investments. Allowing FPI/FII holdings up to 49% could attract foreign institutional flows. However, the extremely low voting turnout (0.445%) and zero promoter holding shown are red flags worth investigating further.