GSM Foils Limited — Important, 28-08-2025: Disclosure of material issue
28-08-2025 | 07:42 pm
28-08-2025 | 07:42 pm
GSM Foils (#GSMFOILS) has corrected its Rights Issue schedule.
**Issue:** The initial Rights Issue opening date (September 5, 2025) was found to be a bank holiday.
**Impact:** Due to ASBA process requirements, Rights Issues must open/close on working days for both banks and stock exchanges, making the original date invalid.
**Company's Response:** GSM Foils has postponed the Rights Issue opening to **Monday, September 08, 2025**. All other terms of the Rights Issue remain unchanged. Investors should note this date shift. #RightsIssue #InvestorUpdate
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