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Cello World Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company is progressing with a Composite Scheme of Arrangement involving Wim Plast Limited and its wholly owned subsidiary, Cello Consumer Products Private Limited. Both BSE and NSE have issued 'No objection' observation letters for the scheme, enabling Cello World to file the scheme with the National Company Law Tribunal (NCLT). The scheme aims at demerger and amalgamation to optimize business synergies and growth prospects. Shareholders will receive detailed disclosures on financials, valuations, implications, and pending proceedings as part of the approval process.