We wish to inform you that the Hon''ble NCLT, Ahmedabad bench on 7th October, 2025, has pronounced the order, on first motion application of the Company in relation to the Scheme of Arrangement. ....
WIMPLAST · price
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The NCLT Ahmedabad bench has pronounced its order on the first motion application filed by Wim Plast Limited in connection with a composite Scheme of Arrangement involving Wim Plast, Cello Consumer Products Pvt. Ltd., and Cello World Limited. Under the scheme, Wim Plast's manufacturing business will be demerged into Cello Consumer Products (a Cello World subsidiary), after which Wim Plast will merge into Cello World, with WPL shareholders receiving shares of Cello World. The NCLT has directed that court-convened meetings of equity shareholders and unsecured creditors of all three companies be held on 6th December, 2025 via video conferencing. The appointed date for the scheme is 1st April, 2025. The scheme still requires shareholder and creditor approval, followed by a second motion application to NCLT and other regulatory clearances before it becomes effective.
This is a procedural step in the proposed merger; the scheme is not yet approved. If ultimately approved, Wim Plast shareholders (other than Cello World) will end up holding shares of the larger listed Cello World entity, consolidating ownership into one listed company. The next key event for investors is the shareholder and creditor meeting on 6th December, 2025.