Prima Plastics Limited, a leading manufacturer of plastic articles, has reported mixed financial results for the second quarter ended September 30, 2025. The company's performance showcases resilience in its consolidated operations while facing challenges in its standalone business.

Consolidated Performance

On a consolidated basis, Prima Plastics demonstrated strong growth:

The company's consolidated revenue from operations increased by 8.11% year-over-year, while net profit attributable to owners of the parent rose by 9.15% compared to the same quarter last year.

Standalone Results

However, the standalone performance painted a different picture:

The company reported a standalone net loss of ₹71.97 lakhs for the quarter, compared to a profit in the same period last year. This decline in standalone performance may be attributed to various factors affecting the domestic market.

Half-Year Performance

For the six-month period ended September 30, 2025:

• Consolidated revenue reached ₹9,695.42 lakhs with a net profit of ₹623.09 lakhs.
• Standalone operations showed revenue of ₹6,370.89 lakhs but a net loss of ₹89.82 lakhs.

Corporate Actions

Prima Plastics has been active in corporate governance and shareholder-related activities:

1. Demerger Progress: The company's scheme for demerging its Rotational Moulding Business into its wholly-owned subsidiary, Prima Innovation Limited, received approval from equity shareholders and unsecured creditors on September 27, 2025. This strategic move is expected to streamline operations and potentially unlock value for shareholders.

2. Share Transfer to IEPF: In compliance with regulatory requirements, Prima Plastics transferred 30,002 equity shares belonging to 105 shareholders to the Investor Education and Protection Fund (IEPF). This action, taken under Section 124(6) of the Companies Act, 2013, affects shares corresponding to unpaid or unclaimed dividends for seven consecutive years.

Market Implications

The mixed results reflect the challenging business environment, with the consolidated performance indicating strength in the company's overall operations, possibly driven by its international subsidiaries. The standalone loss suggests potential headwinds in the domestic market, which investors may need to monitor closely.

The demerger of the Rotational Moulding Business, once completed, may lead to a more focused approach in both the demerged and remaining businesses, potentially improving operational efficiency.

Investors should note that shares transferred to the IEPF can be reclaimed by making an application to the IEPF Authority using the web-based Form IEPF-5.

As Prima Plastics navigates through these developments, stakeholders will be watching closely to see how the company's strategies unfold in the coming quarters, particularly in addressing the challenges faced by its standalone operations.

Prima Plastics Limited (PPL) has received a significant directive from the National Company Law Tribunal (NCLT), Ahmedabad Bench, marking a pivotal step in its proposed corporate restructuring. The NCLT has instructed the company to convene a court-mandated meeting of equity shareholders and unsecured creditors on September 27, 2025, to discuss and deliberate on the Scheme of Arrangement between Prima Plastics Limited and Prima Innovation Limited.

Key Developments

• NCLT Order: The NCLT pronounced its order on July 25, 2024, in response to Prima Plastics' first motion application.
• Meeting Date: The court-convened meeting is scheduled for September 27, 2025.
• Purpose: The meeting will address the proposed Scheme of Arrangement between Prima Plastics Limited and Prima Innovation Limited.

Next Steps

1. Notice Preparation: Prima Plastics is currently finalizing the Notice and Explanatory statement as required under Sections 230-232 of the Companies Act.
2. Circulation of Documents: The company will circulate these documents to equity shareholders and unsecured creditors within the prescribed timelines, adhering to the NCLT order and applicable provisions of the Companies Act and SEBI regulations.
3. Second Motion Application: Following the meeting, Prima Plastics will complete the necessary formalities to file the second motion application with the NCLT.

Additional Information

According to the LODR (Listing Obligations and Disclosure Requirements) filing dated July 26, 2025:

• The company had previously intimated about the Scheme of Arrangement on November 12, 2024.
• The NCLT order and related documents will be available on the company's website at https://www.primaplastics.com/scheme_arrangement.php
• Prachi M. Mankame, Company Secretary and Compliance Officer (M. No: A67042), signed the LODR disclosure.

This development represents a crucial phase in Prima Plastics' corporate journey, potentially leading to significant changes in its structure and operations. Shareholders and creditors will play a vital role in the upcoming meeting, which could shape the future direction of the company.

Investors and stakeholders are advised to keep a close watch on further announcements and to review the detailed documents that will be circulated by the company in the coming weeks.