Prima Plastics Limited has issued a formal intimation to BSE Limited, notifying of a Board of Directors meeting scheduled for Wednesday, May 20, 2026. The notice, dated May 14, 2026, has been filed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Board Meeting

The board meeting has been convened to address key financial and shareholder-related matters. The following items are on the agenda:

• Approval of Audited Standalone and Consolidated Ind-AS Financial Results for the Quarter and Year ended March 31, 2026
• Recommendation of Dividend, if any, on Equity Shares of the Company for the Financial Year ended March 31, 2026

Key Meeting Details

The table below summarises the key details of the scheduled board meeting:

Trading Window Closure

In accordance with the Company's Code of Conduct for Prevention of Insider Trading, read with applicable provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, the trading window for dealing in equity shares of the company by designated persons and their immediate relatives shall remain closed until 48 hours after the declaration of the financial results by the company.

The intimation has been signed by Nehal Goyal, Company Secretary & Compliance Officer (M. No.: A79764), on behalf of Prima Plastics Limited. The company is headquartered at 41, National House, Saki Vihar Road, Powai, Mumbai, with its registered office and works located at 98/4, Prima House, Daman Industrial Estate, Kadaiya, Daman-396210 (UT). Prima Plastics Limited is engaged in the manufacture of moulded furniture and roto moulded products.

Prima Plastics Limited has published newspaper advertisements in compliance with SEBI regulations following the completion of its demerger scheme with Prima Innovation Limited. The company published advertisements on April 22, 2026, in Financial Express (English) and Vartman Pravah (Gujarati) newspapers, as required under Regulation 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Demerger Scheme Implementation

The Hon'ble National Company Law Tribunal, Ahmedabad Bench, sanctioned the Scheme of Arrangement between Prima Plastics Limited and Prima Innovation Limited on March 16, 2026. The scheme provides for the demerger of the company's Rotational Moulding Business to Prima Innovation Limited on a going concern basis.

Share Allotment and Dematerialization Requirements

Prima Innovation Limited has successfully allotted 1,10,00,470 equity shares in the ratio of 1:1 to shareholders of Prima Plastics Limited. Each fully paid-up equity share of Prima Innovation Limited carries a face value of INR 5, issued against every fully paid-up equity share of INR 10 held in Prima Plastics Limited as on the record date of April 17, 2026.

In compliance with SEBI Circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022, all equity shares of the resulting company are allotted only in dematerialized form. Physical shares held by shareholders as on the record date have been transferred to "PIL - Unclaimed Securities Escrow Suspense Demat Account" opened by Prima Innovation Limited.

Cost Allocation Framework

For determining the post-demerger cost of acquisition, the company has provided specific allocation percentages to shareholders:

Shareholder Action Required

Shareholders holding equity shares in physical form as on the record date are requested to open a Demat Account or provide details of their existing demat account to Bigshare Services Private Limited, the company's Registrar & Transfer Agent. This is necessary for crediting Prima Innovation Limited shares to their respective accounts.

Tax Implications and Compliance

The company has clarified that under Section 47(vid) of the Income Tax Act, the allotment of equity shares by Prima Innovation Limited pursuant to the scheme will not be regarded as a transfer. Additionally, as per explanation 1(i)(g) to Section 2(42A) of the Act, the date of acquisition of Prima Plastics Limited equity shares will be deemed as the acquisition date for Prima Innovation Limited shares.

The guidance document, signed by Company Secretary Nehal Goyal, emphasizes that the communication serves as general guidance only. Shareholders are advised to consult their own tax advisors for specific implications, as the company assumes no liability regarding this guidance.