Bisil Plast Ltd — Updates, 27-05-2025: Company Update

Bisil Plast Limited has announced a board meeting to withdraw its proposed rights issue of 48.63 Cr shares at ₹1 each, aimed at raising ₹48.63 Cr. The withdrawal follows a delay in receiving listing approval from the Bombay Stock Exchange, preventing crediting shares to shareholders’ demat accounts. Due to blocked investor funds and growing complaints, the company is unblocking the amounts and advising shareholders to contact the registrar if amounts remain blocked. This move prioritizes investor interests and addresses liquidity concerns.