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Prima Plastics Limited issued guidance for the apportionment of acquisition costs following its demerger. Shareholders may attribute 59% of their original cost to Prima Plastics and 41% to the resulting company, Prima Innovation Limited. The scheme became effective on March 31, 2026, with a record date of April 17, 2026.
Prima Innovation Limited has ceased to be a wholly-owned subsidiary of Prima Plastics Limited effective April 20, 2026. This follows the allotment of 1,10,00,470 equity shares to company shareholders under a Scheme of Arrangement. Consequently, the subsidiary's pre-scheme capital was cancelled.