Pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015, we hereby inform you that the Court Convened Meeting was held on Saturday, September 27, 2025 at 11:00 A.M. through VC/OAVM. The ....
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Prima Plastics Ltd held a Court Convened Meeting (CCM) on September 27, 2025, via video conferencing, as directed by the NCLT Ahmedabad Bench (order dated July 25, 2025). The meeting was chaired by former NCLT member Dr. VRK Badarinath Nandula and attended by 41 equity shareholders (8 from promoter group, 33 from public). The sole agenda was to consider and approve a Scheme of Arrangement between the Company and a Resulting Company (along with their respective shareholders and creditors) under Sections 230–232 of the Companies Act, 2013. Shareholders asked clarifications on the scheme, which the CFO addressed. E-voting was conducted, and results will be declared within 2 working days based on the scrutinizer's report. The exact terms of the scheme, including any ratios, are not disclosed in this filing.
This is a procedural update — an NCLT-convened shareholder vote on a proposed scheme of arrangement (likely a demerger/spin-off, given the reference to a 'Resulting Company'). The actual outcome and scheme details are pending the scrutinizer's report. Shareholders should watch for the voting result announcement, which will determine the next steps in the scheme's approval process.