Bisil Plast Limited , a company listed on the Bombay Stock Exchange (BSE), has officially changed its name to Karnawati Innovation Limited. This corporate action marks a significant milestone in the company's history and branding strategy.

Key Details of the Name Change

Timeline of Events

1. July 5, 2025: Initial proposal for name change announced
2. August 28, 2025: Shareholders approved the name change through postal ballot
3. October 23, 2025: ROC issued fresh Certificate of Incorporation with the new name
4. October 24, 2025: Company officially announced the name change to the stock exchange

Regulatory Compliance

The company has received the necessary regulatory approvals for this transition. A fresh Certificate of Incorporation was issued by the Registrar of Companies on October 23, 2025, officially recognizing the new name.

Investor Information

Investors should note that while the company name has changed, the BSE scrip code remains 531671. The company has stated that it is in the process of filing required documents with the stock exchange regarding the name change. This may potentially lead to changes in the trading symbol in the future, although no such change has been announced as of now.

Legal Obligations

As per Section 12 of the Companies Act, Karnawati Innovation Limited is obligated to display its old name (Bisil Plast Limited) alongside the new name at all required places for a period of two years. This ensures transparency and continuity for all stakeholders during the transition period.

Impact on Stakeholders

The company has emphasized that this name change does not affect the rights and liabilities of stakeholders. All existing agreements, contracts, and legal obligations remain valid under the new company name.

Investors and other stakeholders are advised to update their records accordingly and to verify the latest status of the company and its directors through the Ministry of Corporate Affairs website at www.mca.gov.in/MCA21 .

As Bisil Plast transitions to its new identity as Karnawati Innovation Limited, stakeholders will be keen to observe any strategic shifts or operational changes that may accompany this rebranding effort.

Bisil Plast Limited, a company listed on the Bombay Stock Exchange (BSE: 531671), has scheduled a crucial board meeting for September 1, 2025, to address significant leadership changes and explore potential fund-raising opportunities. The meeting comes in the wake of recent executive resignations and aims to chart the company's future course.

Leadership Transition

The board will consider the appointment of Mr. Ravikumar Kumar Kirtibhai Patel as the new Managing Director and Chief Financial Officer of Bisil Plast Limited. This move follows the resignation of Mr. Kevinkumar Mansukhlal Saparia from both positions, effective August 28, 2025.

Mr. Saparia, in his resignation letter dated August 22, 2025, cited personal reasons and other professional commitments for his departure. The company's board has acknowledged his contributions and will oversee a smooth transition of responsibilities.

Annual General Meeting Preparations

As part of the meeting agenda, the board will also address preparations for Bisil Plast's 39th Annual General Meeting (AGM). Key items include:

• Approving the AGM notice and authorizing its distribution to shareholders
• Setting the date, time, and venue for the AGM
• Determining book closure dates
• Establishing the cut-off date for e-voting eligibility
• Appointing Ms. Vishakha Agrawal of M/s. Vishakha Agrawal & Associates as the scrutinizer for the e-voting process

Potential Fund Raising Initiative

In a significant development, the board will consider a proposal for raising funds through various methods. These may include:

• Issuing equity shares
• Offering convertible securities linked to equity shares
• Exploring other eligible securities or permissible modes

The fund-raising efforts could be executed through multiple channels such as:

• Further public issue
• Debt issue
• Preferential allotment
• Private placement
• Qualified institutions placement (QIP)

Any decision on fund-raising will be subject to shareholder approval and necessary regulatory clearances.

Investor Implications

This board meeting marks a pivotal moment for Bisil Plast Limited as it navigates through leadership changes and explores avenues for financial growth. Shareholders and potential investors will be keenly watching the outcomes of this meeting, particularly regarding the new leadership appointment and any decisions on fund-raising initiatives.

The company's shares are traded on the BSE under the symbol BISIL.