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.

Bisil Plast , a company listed on the Bombay Stock Exchange, has announced significant changes to its corporate structure and leadership through a postal ballot notice. The company is seeking shareholder approval for three key resolutions that reflect its strategic shift and future aspirations.

Proposed Name Change

The most notable change is the company's proposal to rebrand itself as KARNAWATI INNOVATION LIMITED. This name change is intended to better align with the company's evolving business objectives and strategic focus. Originally engaged in the plastic goods business, Bisil Plast is now diversifying into three main areas:

1. Agriculture: Including cultivation, farming, livestock, poultry, aquaculture, and related activities.
2. Jewelry and Precious Metals: Expanding into the business of goldsmiths, jewelers, and dealers in gems, diamonds, and bullion.
3. Plastic Recycling: Focusing on manufacturing, trading, and providing recycling and waste management services.

The Board of Directors believes that the new name will more accurately reflect the company's current activities and future aspirations across these diverse sectors.

Appointment of New Directors

In addition to the name change, Bisil Plast is seeking approval for the appointment of two new independent directors:

1. Mr. Anandbhai Jadala (DIN: 11187923) is proposed to be appointed as a Non-Executive Independent Director for a five-year term.

2. Ms. Nidhiben Ravindrakumar Joshi (DIN: 10132922) is proposed to be appointed as a Non-Executive Women Independent Director for a five-year term.

Both directors bring extensive experience in finance and management to the board.

Voting Process

The company has initiated a postal ballot process for these resolutions, with e-voting available to shareholders. The e-voting period is scheduled for a 30-day period. The cut-off date for voting eligibility has been set.

Mrs. Vishakha Agrawal, a Practicing Company Secretary, has been appointed as the scrutinizer to ensure a fair and transparent voting process.

These proposed changes mark a significant turning point for Bisil Plast as it seeks to transform its business model and corporate identity. Shareholders will play a crucial role in determining the company's future direction through their votes on these resolutions.