Prima Plastics Limited has published newspaper advertisements confirming April 17, 2026 as the record date for its scheme of arrangement with Prima Innovation Limited, following regulatory compliance requirements. The company filed the advertisement publication notice with BSE Limited on April 6, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Advertisement Publication and Regulatory Compliance

The company published advertisements in Financial Express and Vartman Pravah newspapers on April 6, 2026, informing eligible shareholders about the record date and demerger process. Company Secretary Nehal Goyal signed the regulatory filing, confirming compliance with disclosure requirements.

Demerger Scheme Details and Share Allotment

The scheme involves the demerger of Prima Plastics Limited's Rotational Moulding Business (Roto Business) into Prima Innovation Limited. The Board of Directors, through a resolution passed by circulation on April 4, 2026, fixed Friday, April 17, 2026 as the record date for determining eligible shareholders.

Shareholder Eligibility and KYC Requirements

Shareholders whose names appear in the register of members and records of Prima Plastics Limited or the depository as on the record date will be eligible for share allotment. The company has outlined specific requirements for different categories of shareholders:

• Demat Shareholders: Will receive PIL shares directly in their respective demat accounts
• Physical Shareholders: Must complete KYC compliance and provide demat account details to Registrar and Transfer Agent (Bigshare Services Private Limited) at least seven days prior to the record date
• Non-compliant Shareholders: PIL shares will be credited to a separate Suspense Demat Account until KYC requirements are fulfilled

Corporate Structure and Timeline

The scheme of arrangement became effective on April 1, 2026, following the receipt of a certified copy of the National Company Law Tribunal (NCLT) Ahmedabad Bench order. Prima Innovation Limited serves as the resulting company in this corporate restructuring.

The subsequent process of allotment, credit and listing of PIL equity shares will be undertaken in due course, with details to be made available in compliance with the Companies Act, 2013, SEBI Regulations and other applicable statutory requirements.

Prima Plastics Limited has issued a revised disclosure correcting the effective date of its scheme of demerger with Prima Innovation Limited and announcing the record date for share allotment. The company informed BSE Limited about these corrections through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Demerger Date Correction and Record Date Announcement

The company has rectified a clerical error in its previous intimations dated April 1, 2026 and April 4, 2026. The corrected effective date of the scheme of demerger between Prima Plastics Limited (Demerged Company) and Prima Innovation Limited (Resulting Company) is March 31, 2026, instead of the previously stated April 1, 2026.

Share Allotment Details

Under the demerger scheme, Prima Innovation Limited will issue and allot equity shares to Prima Plastics shareholders on a proportionate basis. The allotment ratio is 1 (One) fully paid-up equity share of Prima Innovation Limited having a face value of INR 5.00 each for every 1 (One) fully paid-up equity share of INR 10.00 each held in Prima Plastics Limited.

Shareholders eligible for the allotment are those whose names appear in the register of members and records of the company or depository as on the record date of April 17, 2026. The company has fixed this record date by passing a resolution by circulation.

Regulatory Compliance

Prima Plastics has fulfilled all necessary regulatory requirements for the demerger implementation. Company Secretary and Compliance Officer Nehal Goyal signed the revised disclosure, ensuring proper compliance with listing obligations. The scheme was sanctioned by the Hon'ble National Company Law Tribunal, Ahmedabad Bench, and the certified copy of the order was filed with the appropriate authorities.

Corporate Structure Impact

The completion of this demerger represents a significant milestone in Prima Plastics' corporate restructuring strategy. The scheme creates a clear separation between the parent company and its subsidiary operations, with shareholders receiving proportionate stakes in both entities. This restructuring follows the earlier leadership transition where Mr. Pratik Bhaskar Parekh resigned as Chief Operating Officer of Prima Plastics to assume the role of Executive Chairman and Managing Director at Prima Innovation Limited, effective March 23, 2026.