Please find enclosed Chairman Speech made at the 37th Annual General Meeting of the Company held on 8th August, 2025.
WIMPLAST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Wim Plast reported consolidated revenue of ₹367 crore in FY25, up 7.16% from ₹343 crore in FY24, with profit after tax of ₹57.35 crore and a dividend payout of ₹12 crore, unchanged from the previous year. The company launched 28 new products during the year and continues to focus on premiumizing its plastic-moulded furniture portfolio under the 'CELLO' brand. A major announcement was that the company has filed a merger scheme with Cello World Limited, under which Wim Plast shareholders will receive 0.86 shares of Cello World for every share held. Under the scheme, the manufacturing business will merge with a wholly owned subsidiary of Cello World, while the finance business will merge directly with Cello World; stock exchange approval has already been received.
The key takeaway for shareholders is the proposed merger with Cello World, which, if approved, will result in them receiving Cello World shares in exchange for their Wim Plast holdings—shareholders should watch for further updates and the shareholder vote on the scheme.