Prima Plastics receives Euro 436,701 dividend from Cameroon JV

0 min read | Published on 28 Sept 2026, 09:20 PM |Updated on 28 Sept 2026, 09:20 PM

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Jubin VScanX News Team

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Key Highlights

Prima Plastics received a gross dividend of Euro 436,701 from its joint venture
The payout is from Prima Dee-Lite Plastics SARL located in Cameroon
Prima Plastics holds a 50% equity stake in the joint venture
Disclosure made under Regulation 30 of SEBI LODR Regulations, 2015

*this image is generated using AI for illustrative purposes only.

Prima Plastics Limited has received a gross dividend of Euro 436,701 from its joint venture, Prima Dee-Lite Plastics SARL, located in Cameroon. The company holds a 50% stake in the entity.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing highlights the financial contribution from the company's international operations in West Africa.

Dividend Details

The joint venture declared the dividend, which is receivable by Prima Plastics due to its ownership share. The specific breakdown of the holding and payout is outlined below:

Metric	Details
Joint Venture Name	Prima Dee-Lite Plastics SARL
Location	Cameroon, West Africa
Ownership Stake	50%
Gross Dividend Received	Euro 436,701

Regulatory Disclosure

The update was submitted to BSE Limited on September 28, 2026. The communication was signed by Nehal Goyal, Company Secretary & Compliance Officer, confirming the receipt of funds from the subsidiary.

Historical Stock Returns for Prima Plastics

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.53%	-6.17%	-13.03%	+53.73%	+6.60%	+17.18%

How might ongoing political or economic instability in Cameroon impact the reliability of future dividend flows from Prima Dee-Lite Plastics SARL?

What is Prima Plastics' strategy for managing foreign exchange risk given its exposure to the Euro in West African operations?

Are there plans to increase the ownership stake in the Cameroonian joint venture to capture higher margins from growing regional demand?

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Prima Plastics promoter Dilip Parekh to acquire 26.38% stake via gift

1 min read | Published on 25 Sept 2026, 05:38 PM |Updated on 25 Sept 2026, 05:38 PM

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Ashish TScanX News Team

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Key Highlights

Dilip Manharlal Parekh acquires 29,01,921 shares via gift from Bhaskar Manharlal Parekh and Chhaya Bhaskar Parekh
Transaction covers 26.38% of total share capital with zero consideration paid
Dilip Manharlal Parekh's individual stake rises from 28.03% to 54.41%
Aggregate promoter group holding remains unchanged at 58.27%
Exempt from open offer requirements under SEBI SAST Regulations

*this image is generated using AI for illustrative purposes only.

Prima Plastics Limited disclosed that its promoter, Dilip Manharlal Parekh, intends to acquire 29,01,921 equity shares by way of gift from members of the promoter group. The transaction represents 26.38% of the company's total share capital and is scheduled for execution between September 28, 2026, and October 7, 2026.

The shares will be transferred from Mr. Bhaskar Manharlal Parekh (26,85,210 shares) and Mrs. Chhaya Bhaskar Parekh (2,16,711 shares) to Mr. Dilip Manharlal Parekh. Since this is an inter-se transfer among qualifying persons under Regulation 10(1)(a)(i) and (iv) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, no consideration is payable, and the acquirer is exempt from making an open offer.

Shareholding Pattern Before and After Transfer

The aggregate holding of the Promoter and Promoter Group remains constant at 58.27% of the total share capital. However, the distribution of ownership within the group shifts significantly toward the primary promoter.

Entity	Pre-transaction Holding (%)	Post-transaction Holding (%)	Change in Stake
Dilip Manharlal Parekh	28.03%	54.41%	+26.38%
Bhaskar Manharlal Parekh	24.41%	0.00%	-24.41%
Chhaya Bhaskar Parekh	1.97%	0.00%	-1.97%
Other PAC Members	3.86%	3.86%	Unchanged
Total Promoter Group	58.27%	58.27%	Unchanged

Consolidation of Promoter Control

This disclosure highlights a consolidation of voting power within the immediate family of the primary promoter. While the overall control of Prima Plastics remains with the Parekh family, the individual stake of Dilip Manharlal Parekh more than doubles, rising from 28.03% to 54.41%. This effectively places him in a position of sole majority control over his personal holding, while Bhaskar Manharlal Parekh exits the shareholder register entirely. Such inter-se transfers are often undertaken for estate planning or succession purposes without altering the external ownership structure or requiring market liquidity.

Historical Stock Returns for Prima Plastics