Cello World Limited has informed the Exchange about Amalgamation/Merger
CELLO · price
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Cello World Limited's Composite Scheme of Arrangement involving Wim Plast Limited (WPL) and Cello Consumer Products Private Limited (CCPPL) has become effective. The NCLT Ahmedabad Bench sanctioned the scheme on May 14, 2026, with the effective date set as May 27, 2026 (appointed date April 1, 2025). Under the scheme, WPL's Manufacturing Business is demerged into CCPPL (a wholly owned subsidiary), while WPL's Remaining Business is amalgamated into Cello World, resulting in WPL's dissolution. WPL shareholders (excluding Cello World) will receive 29,75,909 equity shares in the ratio of 55 shares per 100 WPL shares for the demerger, and 16,77,330 equity shares in the ratio of 31 shares per 100 WPL shares for the amalgamation. The record date is fixed as June 9, 2026. The Board also approved FY2026 standalone and consolidated financial results, and recommended a 30% dividend (₹1.50 per share).
The scheme completion streamlines Cello World's corporate structure by consolidating WPL's remaining business and expanding through the demerged manufacturing operations of WPL. Shareholders of WPL will receive Cello World equity shares on June 9, 2026, increasing Cello World's share count.