Please find attached intimation under Regulation 30 of SEBI Listing Regulations for receipt of certified true copy of the Order of the Hon''ble NCLT, Ahmedabad Bench sanctioning the Scheme of Demerger
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Prima Plastics Ltd has received the certified true copy of the NCLT Ahmedabad Bench order sanctioning its Scheme of Demerger with Prima Innovation Limited (the resulting company), under Sections 230–232 of the Companies Act, 2013. This follows the company's earlier intimation dated March 16, 2026, confirming the NCLT's approval. The company has now fixed March 31, 2026, as the effective date of the scheme and authorised its signatories to take all steps needed to implement it. Prima Innovation Limited will be carved out as a separate entity from Prima Plastics. Shareholders are likely to be allotted shares in the resulting company as per the approved swap ratio, though the specific entitlement ratio is not mentioned in this filing.
From March 31, 2026, the demerger becomes effective, meaning shareholders of Prima Plastics will hold shares in both the demerged and resulting entities. The restructuring could unlock value by separating distinct businesses, but near-term stock price may react to the share entitlement ratio and how the innovation business is valued by the market.