The Board has fixed 9th June as the Record date for determining the shareholders eligible to receive consideration pursuant to the Scheme.
WIMPLAST · price
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The Board of Wim Plast Ltd (WPL) confirmed that the Composite Scheme of Arrangement involving WPL, Cello Consumer Products Private Limited (CCPPL), and Cello World Limited (CWL) has become effective as of 27th May 2026, with the Appointed Date being 1st April 2025. The Hon'ble NCLT Ahmedabad Bench passed an order on 14th May 2026 sanctioning the scheme. As a result, WPL stands dissolved without being wound up. The Board fixed 9th June 2026 as the Record Date to determine which shareholders are eligible to receive equity shares allotted by CWL pursuant to the demerger and amalgamation under the scheme. The scheduled EGM for appointing an Independent Director has been cancelled as it is now infructuous.
WPL shareholders will receive CWL equity shares as consideration under the demerger/amalgamation. WPL will cease to exist as a listed entity post-dissolution, and shareholders of WPL will now hold shares in CWL.