This is to inform you that NCLT convened meeting of equity shareholders of the Company is scheduled to be held on Saturday, December 06, 2025 at 10:00 AM (IST) through VC/OAVM as per NCLT ....
WIMPLAST · price
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Wim Plast Limited (WPL) has notified an NCLT-ordered meeting of its equity shareholders for Saturday, December 6, 2025 at 10:00 AM, to be held via video conferencing, to vote on a Composite Scheme of Arrangement. The scheme has two parts: (1) demerger of WPL's Demerged Undertaking into Cello Consumer Products Private Limited (CCPPL) on a going-concern basis, and (2) amalgamation of the remaining WPL with Cello World Limited (CWL). As consideration, CWL will issue equity shares to WPL shareholders (other than shares held by CWL itself). KPMG Valuation Services has issued the Share Exchange Ratio Report and Inga Ventures has provided the Fairness Opinion, both dated November 12, 2024. BSE (July 3, 2025) and NSE (July 2, 2025) have already issued observation letters approving the scheme. Approval requires majority in number representing three-fourths in value, plus a majority of public shareholders voting in favour per SEBI rules.
If approved by shareholders and the NCLT, WPL will cease to exist as a standalone listed entity — its business will split between CCPPL and merge into the already-listed Cello World Limited, with WPL shareholders receiving CWL shares. This is a significant corporate restructuring event that will reshape shareholding and could materially impact the stock's trading dynamics.