This is with reference to our intimations dated April 01, 2026 and April 04, 2026, where we have rectified clerical/ typographical error to update on the effectiveness of the Scheme and ....
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Prima Plastics Ltd has corrected a typographical error in its earlier intimations regarding the Scheme of Demerger with its wholly-owned subsidiary, Prima Innovation Limited. The effective date of the scheme has been corrected from April 1, 2026 to March 31, 2026. Under the demerger scheme sanctioned by NCLT Ahmedabad Bench, shareholders of Prima Plastics will receive 1 equity share of Prima Innovation Ltd (face value INR 5) for every 1 equity share held in Prima Plastics Ltd (face value INR 10). The Record Date for determining eligible shareholders has been fixed as April 17, 2026.
Shareholders of Prima Plastics will receive shares in Prima Innovation Ltd based on the 1:1 ratio. This demerger creates a separate listed entity, and shareholders will now hold shares in both companies proportionally.