GSM Foils Limited — Important, 04-09-2025: Disclosure of material issue
04-09-2025 | 07:43 pm
04-09-2025 | 07:43 pm
**GSMFOILS Update:** GSM Foils' Rights Issue opening date has been revised.
**The Issue:** The Reserve Bank of India declared Monday, September 08, 2025, a bank holiday in Maharashtra due to Eid-e-Milad.
**Possible Impact:** This holiday prevented the Rights Issue from opening as originally scheduled.
**Company's Response:** After discussions with the National Stock Exchange (NSE), GSM Foils has shifted the opening date. The Rights Issue, initially planned for September 08, 2025, will now open on **Tuesday, September 09, 2025**. All other terms and conditions of the Rights Issue remain unchanged. #GSMFOILS #RightsIssue #InvestorUpdate
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