In terms of the Scheme, the Board of Directors of the Company have decided to fix April 17, 2026 as the record date for the purpose of determining the shareholders of the Company entitled ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prima Plastics Ltd has fixed April 17, 2026 as the record date for its Scheme of Arrangement with Prima Innovation Limited (the Resulting Company). The NCLT Ahmedabad Bench has sanctioned the scheme, and April 1, 2026 has been declared as the effective date. Under the scheme, shareholders of Prima Plastics will receive 1 equity share of INR 5 face value in Prima Innovation for every 1 equity share of INR 10 face value held in Prima Plastics (1:1 ratio). Shareholders whose names appear in the company's register of members or depository records on the record date will be eligible to receive these shares.
Existing shareholders of Prima Plastics will become shareholders of the newly listed/entitled Resulting Company (Prima Innovation) on a 1:1 basis. This is a value-unlock event through corporate restructuring and may lead to separate listing or value recognition of the spun-off entity, though short-term stock price action depends on market perception of the split.