Cello World Limited has informed the Exchange about Scheme of Arrangement
CELLO · price
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Awaiting price reaction for this filing.
Cello World Limited has received 'No adverse observations' / 'No objection' letters from both BSE and NSE for its proposed Composite Scheme of Arrangement. The scheme, originally approved by the Board on November 12, 2024, involves Wim Plast Limited (WPL), Cello Consumer Products Private Limited (CCPPL, a wholly owned subsidiary of Cello World), and Cello World Limited (CWL) along with their respective shareholders and creditors. Under the scheme, WPL's manufacturing business undertaking will be demerged into CCPPL. SEBI's observations were issued on July 02, 2025, and the observation letters are valid for six months, within which the company must file the scheme with the NCLT. Various disclosure requirements around share-swap ratio, valuation, pre/post shareholding pattern, and financials of WPL and CWL have been laid out by SEBI.
This is a procedural milestone clearing the way for the company to approach the NCLT for the proposed demerger and amalgamation. No material change for shareholders yet — the swap ratio, valuation details, and financial implications are yet to be disclosed, and NCLT approval plus shareholder and creditor consent will be required before the scheme can take effect.