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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.
Prima Plastics Ltd has fixed April 17, 2026, as the record date for its demerger with Prima Innovation Ltd. Eligible shareholders will receive one share of the resulting company (face value ₹5) for every one share held in Prima Plastics (face value ₹10). The scheme's effective date is corrected to March 31, 2026.
Prima Plastics Ltd has fixed April 17, 2026, as the record date for its Scheme of Arrangement. Eligible shareholders will receive one equity share of Prima Innovation Ltd (face value ₹5) for every one share held in Prima Plastics (face value ₹10). This marks a key step in the company's restructuring process.