Intimation for newspaper publication regarding allotment of shares of Prima Innovation Limited to shareholders of Prima Plastics Limited as on Record Date, pursuant to Scheme of Arrangement
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Prima Plastics Limited has published newspaper advertisements informing shareholders about the allotment of shares in Prima Innovation Limited (the demerged entity) pursuant to a Scheme of Arrangement. The Record Date for determining eligible shareholders has been set as April 20, 2026. Under the scheme, Prima Innovation shares will be allotted to Prima Plastics shareholders in a 1:1 ratio, meaning shareholders will receive 1 share of Prima Innovation for every 1 share held in Prima Plastics. A total of 1,10,00,470 Prima Innovation shares will be allotted. The scheme has received SEBI approval and was published in Financial Express (English) and Vartman Pravah (Gujarati) newspapers on April 22, 2026.
Shareholders of Prima Plastics will receive shares in Prima Innovation Limited based on a 1:1 ratio as per the approved scheme. This represents a corporate restructuring where the innovation business is being demerged into a separate listed entity.