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.

Bisil Plast , a company listed on the Bombay Stock Exchange (BSE), has announced a significant change in its leadership team. The Board of Directors, in a meeting held on August 26, 2025, approved the appointment of Mr. Ravikumar Kumar Kirtibhai Patel as an Additional Executive Director of the company.

Appointment Details

Mr. Patel's appointment comes as a strategic move for Bisil Plast. The decision was made based on recommendations from the Nomination and Remuneration Committee and received approval from the Audit Committee. This appointment is in line with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Professional Background

Mr. Ravikumar Kumar Kirtibhai Patel brings extensive experience in Finance and Management to his new role. As an Additional Executive Director, he will be responsible for several key areas of the company's operations:

• Overseeing the company's overall performance
• Implementing operational planning strategies
• Managing financial control systems
• Monitoring the company's growth trajectory

Independence and Compliance

It's worth noting that Mr. Patel is not related to any existing directors of Bisil Plast, ensuring an independent perspective in his role. Furthermore, the company has confirmed that Mr. Patel is not debarred from holding this position by any regulatory authority, including the Securities and Exchange Board of India (SEBI).

Corporate Governance

The appointment of Mr. Patel demonstrates Bisil Plast's commitment to strengthening its leadership team and enhancing its corporate governance structure. This move is expected to bring fresh insights and expertise to the company's executive management.

About Bisil Plast

Bisil Plast (ISIN: INE214D01021) is headquartered in Ahmedabad, Gujarat. The company's registered office is located at A-702, Shilp Aaron, Sindhu Bhavan Road, Bodakdev, Ahmedabad - 380059. With a Corporate Identification Number (CIN) of L17119GJ1986PLC009009, Bisil Plast continues to evolve its management structure to meet the challenges of the dynamic business environment.

The appointment of Mr. Ravikumar Kumar Kirtibhai Patel as an Additional Executive Director marks a new chapter in Bisil Plast's corporate journey, potentially setting the stage for enhanced operational efficiency and strategic growth in the coming years.