This is to inform you that NCLT convened meeting of unsecured creditors of the Company is scheduled to be held on Saturday, December 06, 2025 at 11:30 AM (IST) through VC/OAVM as per NCLT ....
WIMPLAST · price
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Wim Plast Limited has informed the BSE that the Ahmedabad Bench of the National Company Law Tribunal (NCLT) has directed a meeting of the company's unsecured creditors to be held on December 06, 2025 at 11:30 AM via video conferencing, to consider and approve a Composite Scheme of Arrangement. The scheme involves two parts: (1) demerger of the manufacturing business from Wim Plast into Cello Consumer Products Private Limited, and (2) amalgamation of the remaining Wim Plast business with Cello World Limited (the parent). A share exchange ratio has been determined by KPMG Valuation Services, with a fairness opinion from Inga Ventures. Both BSE and NSE have already issued observation letters (July 2025) on the scheme. Remote e-voting for unsecured creditors will run from December 03-05, 2025, with a cut-off date of October 30, 2025.
This is a procedural step in an ongoing corporate restructuring where Wim Plast will demerge its manufacturing arm into CCPPL and merge its remaining business into listed parent Cello World. Shareholders of Wim Plast will receive shares of Cello World in exchange. The scheme could simplify the group structure and consolidate ownership in one listed entity, but the swap ratio and final impact on shareholder value will depend on the share exchange ratio and creditor/shareholder approval at the upcoming meeting.