BSEPrima Plastics LtdMediumPositive
Announced Wed, 20 May · 17:54 IST

The book closure date for the purpose of Annual General Meeting and Dividend is from Tuesday, August 04, 2026 to Monday, August 10, 2026 (both days inclusive).

Corporate Actions View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+14.8%1-day move
₹100.20
prior close
₹106.20
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+2.6+3.8+3.6+3.8+14.8+17.9+15.8+12.8+9.2+9.5+34.7+34.2+22.8
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AI summary

Prima Plastics Ltd held its Board meeting on May 20, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. The company recommended a final dividend of Rs. 2 per share (20% on Rs. 10 face value) for FY 2025-26, subject to shareholder approval at the AGM. Consolidated revenue from operations grew to Rs. 15,980.67 lakhs from Rs. 14,053.36 lakhs in the previous year. The company also completed a demerger of its Rotational Moulding business to Prima Innovation Limited (formerly a wholly-owned subsidiary) effective March 31, 2026, with PIL ceasing to be a subsidiary. The 32nd AGM is scheduled for August 10, 2026, with book closure from August 4-10, 2026. The board also approved a corporate guarantee of Rs. 28.86 crores to Kotak Mahindra Bank on behalf of Prima Innovation Limited, subject to shareholder approval.

Likely market impact

The 20% dividend and improved financial performance are positive signals for shareholders. The completed demerger represents a strategic restructuring that may affect future earnings composition. The corporate guarantee carries contingent liability but management states no material impact on the company.