Prima Plastics Ltd — Important, 21-08-2025: Company Update

Prima Plastics has called a meeting for its unsecured creditors on September 27 to approve a demerger plan. This scheme will separate the company's Roto Business into a new entity, Prima Innovation, which will then issue shares to existing Prima Plastics shareholders, creating two distinct listed companies. This move aims to unlock shareholder value by enabling a focused growth strategy for each business, improving operational efficiency and attracting specific investments. The demerger will reduce Prima Plastics' assets from approximately 128.27 Cr to 73.04 Cr and liabilities from 57.69 Cr to 31.40 Cr. Creditor terms remain unchanged. The Board supports this strategic restructuring.