Prima Plastics sub declares dividend of USD 1,800,000

0 min read     Updated on 30 May 2026, 11:15 AM
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Prima Union Plasticos S.A., a 90%-owned subsidiary of Prima Plastics Limited, declared a dividend of Quetzal 13,788,000 (USD 1,800,000). Prima Plastics Limited is set to receive the gross amount, as disclosed to BSE on May 30, 2026.

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Prima Union Plasticos S.A., a subsidiary of Prima Plastics Limited , has declared a dividend totaling Quetzal 13,788,000, equivalent to USD 1,800,000. The parent company, which owns 90% of the subsidiary, will receive the gross amount of this distribution. The dividend declaration was disclosed to the stock exchange on May 30, 2026.

Dividend Details

The dividend was declared by Prima Union Plasticos S.A., located in Guatemala. The financial impact for Prima Plastics Limited is determined by its majority shareholding in the overseas subsidiary.

Metric Amount
Total Dividend Declared Quetzal 13,788,000
Equivalent Value USD 1,800,000
Shareholding of Prima Plastics Limited 90%

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted by Nehal Goyal, Company Secretary and Compliance Officer of Prima Plastics Limited.

Historical Stock Returns for Prima Plastics

1 Day5 Days1 Month6 Months1 Year5 Years
+3.25%+5.55%+33.35%+23.94%-2.22%+28.18%

How will this dividend inflow influence Prima Plastics Limited's capital allocation strategy for the remainder of the fiscal year?

Does this dividend signal a sustained period of strong profitability for Prima Union Plasticos S.A. in the Guatemalan market?

Will the parent company utilize these funds for debt reduction or reinvestment into expanding its overseas subsidiary operations?

Prima Plastics launches KYC awareness campaign

1 min read     Updated on 28 May 2026, 10:19 AM
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Prima Plastics Limited launched the 'Saksham Niveshak' campaign on April 1, 2026, running until July 9, 2026, to help shareholders update KYC details and claim unpaid dividends. The initiative aims to prevent the transfer of unclaimed amounts to the IEPFA. Shareholders can contact Bigshare Services Private Limited or the company directly for assistance.

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Prima Plastics Limited has commenced the 'Saksham Niveshak' campaign to facilitate the updation of Know Your Customer (KYC) details and the claiming of unpaid dividends by its shareholders. The initiative, which began on April 1, 2026, and will continue until July 9, 2026, is designed to prevent the transfer of unclaimed dividends and shares to the Investor Education and Protection Fund Authority (IEPFA). This move follows a directive from the Ministry of Corporate Affairs (MCA) dated March 27, 2026.

The company has urged shareholders who have not claimed their dividends or updated their KYC and nomination details to utilize this window. The primary objective is to ensure that shareholders update their bank mandates, nominee information, and contact details to secure their entitlements. Failure to update these details may result in the transfer of funds to the IEPFA.

Shareholders facing issues related to unclaimed dividends or shares can reach out to the company's Registrar and Transfer Agent (RTA), Bigshare Services Private Limited. The RTA can be contacted via email at investor@bigshareonline.com , by phone at 22-6263 8200, or by fax at 22-6263 8299. Additionally, shareholders may send their queries directly to Prima Plastics Limited at investor@primaplastics.com .

The campaign is part of a broader effort to enhance shareholder engagement and ensure compliance with regulatory requirements aimed at protecting investor interests. The company has made the necessary information available on its website and published advertisements in newspapers to maximize awareness among its investor base.

Historical Stock Returns for Prima Plastics

1 Day5 Days1 Month6 Months1 Year5 Years
+3.25%+5.55%+33.35%+23.94%-2.22%+28.18%

What is the estimated value of unclaimed dividends and shares currently at risk of being transferred to the IEPFA?

How will the success of the 'Saksham Niveshak' campaign impact Prima Plastics' shareholder engagement metrics moving forward?

Could this initiative serve as a model for other companies facing similar regulatory pressures regarding unclaimed dividends?

More News on Prima Plastics

1 Year Returns:-2.22%