Outcome of Board meeting held on May 27, 2026.
CELLO · price
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Cello World Limited's Board approved the Composite Scheme of Arrangement involving Wim Plast Limited (WPL) demerger into Cello Consumer Products Private Limited and amalgamation of WPL's remaining business into CWL, effective May 27, 2026 with appointed date April 1, 2025. Record date for share allotment is June 9, 2026. The company also approved audited standalone financial results showing revenue of Rs 11,155 crore for FY26 and profit after tax of Rs 804.9 lakh, down from Rs 1,116.2 lakh in FY25. Basic EPS stood at Rs 3.57 for FY26. Additionally, the Board recommended a 30% dividend (Rs 1.50 per share) for FY26, subject to shareholder approval at the AGM on August 7, 2026. Authorized share capital was increased to Rs 140 crore. No deviation was reported in utilization of Rs 738 crore raised via QIP in July 2024.
The completion of the WPL demerger and amalgamation scheme adds operational scale to Cello World Group, though the standalone profit decline year-on-year is a concern. The dividend declaration provides income support for shareholders, with payment due by August 12, 2026. The capital raise utilization report showing full deployment with no deviation is reassuring for QIP investors.