Please find attached Hon''ble NCLT, Ahmedabad Bench''s order sanctioning Scheme of Arrangement between Prima Plastics Limited and Prima Innovation Limited
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The NCLT Ahmedabad Bench has sanctioned the Scheme of Arrangement to demerge the Rotational Moulding (Roto) Business of Prima Plastics Limited into its wholly-owned subsidiary Prima Innovation Limited, with an Appointed Date of 1 July 2024. The scheme was approved by 99.99997% of equity shareholders and unanimously by unsecured creditors of Prima Plastics in meetings held on 27 September 2025, with BSE also having given its No Objection earlier. Under the share entitlement ratio, every shareholder of Prima Plastics will receive 1 equity share of Rs. 5 in Prima Innovation for every 1 share held in Prima Plastics, with the existing 20,000 initial shares of Prima Innovation held by Prima Plastics to be cancelled. Prima Plastics will retain its furniture and allied businesses, while Prima Innovation will house the Roto Business exclusively. The scheme becomes effective upon filing of the certified copy of the NCLT order with the Registrar of Companies.
For shareholders, this demerger splits Prima Plastics into two focused listed entities, enabling them to own separate stakes in the Roto business and the furniture business, which could unlock value through clearer business profiles and sharper strategic focus. Stock action is likely around the effective date filing and the subsequent listing/allotment of Prima Innovation shares, though actual operational impact hinges on the Roto business's standalone performance.