Newspaper publication for Fixing of Record Date for the purpose of determining shareholders of Demerged Company who shall be eligible to receive shares of Resulting Company.
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Prima Plastics Ltd has fixed Friday, April 17, 2026 as the Record Date to determine shareholders eligible to receive shares of Prima Innovation Limited (PIL), the Resulting Company, under a Scheme of Arrangement. The Rotational Moulding (Roto) Business of Prima Plastics is being demerged into PIL. Under the scheme, eligible shareholders will get 1 fully paid-up equity share of PIL of Rs. 5/- each for every 1 equity share of Rs. 10/- held in Prima Plastics. PIL shares will be issued only in dematerialized form. Shareholders holding physical shares must ensure KYC compliance and provide demat account details to the RTA (Bigshare Services) at least 7 days before the Record Date, failing which shares will be credited to a separate Suspense Demat Account.
Existing shareholders of Prima Plastics will receive additional shares in Prima Innovation Limited at a 1:1 ratio, potentially increasing their overall holding value once PIL shares are allotted and listed. Shareholders with physical shares need to act quickly to update KYC and demat details to avoid shares being moved to a suspense account.