BISIL Plast Limited, a leading organization headquartered in Ahmedabad, Gujarat, has announced the appointment of Mr. Kaushal Dharmeshbhai Patel (DIN: 10723735) and Mr. Vatsal Sanjaybhai Patel (DIN: 10732711) as Additional Non-Executive Independent Directors, effective January 10, 2025. These appointments reflect the company’s commitment to strengthening its board with experienced professionals in finance and management.

Key Details of Appointments

1. Mr. Kaushal Dharmeshbhai Patel

• Position: Additional Non-Executive Independent Director
• Reason for Appointment: Strengthen corporate governance and add expertise in finance and management.
• Effective Date: January 10, 2025
• Profile:
  • Vast experience in finance and management.
  • Complies with SEBI regulations and is not barred from holding directorship by any authority.
  • Relation with Directors: No relation to any current directors.

2. Mr. Vatsal Sanjaybhai Patel

• Position: Additional Non-Executive Independent Director
• Reason for Appointment: Enhance board expertise in financial operations and management practices.
• Effective Date: January 10, 2025
• Profile:
  • Deep knowledge in finance and management, mirroring Kaushal Patel’s expertise.
  • Fully compliant with SEBI guidelines for directors.
  • Relation with Directors: Not related to any existing board members.

Impact of Appointments

The addition of Mr. Kaushal Patel and Mr. Vatsal Patel to the board ensures BISIL Plast’s continued focus on corporate governance, regulatory compliance, and strategic growth. Their combined experience will enhance the company's decision-making process, particularly in the fields of finance, operations, and management.

Compliance with SEBI Guidelines

These appointments are made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company has ensured all necessary disclosures have been submitted to regulatory bodies, including the Bombay Stock Exchange (BSE).

Shareholders' Approval

Both appointments are subject to the approval of shareholders, demonstrating BISIL Plast's transparent governance policies and commitment to stakeholder involvement.

Conclusion

The appointments of Mr. Kaushal Patel and Mr. Vatsal Patel mark a significant step in BISIL Plast’s journey toward robust corporate governance and operational excellence. These changes align with the company’s strategic goals to enhance its leadership framework and deliver sustained growth.

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