Prima Plastics Ltd — Important, 20-04-2026: Company Update

Prima Plastics Limited announced that its subsidiary, Prima Innovation Limited, has ceased to be a wholly-owned entity. This follows a Scheme of Arrangement where Prima Innovation allotted 1,10,00,470 equity shares of INR 5 each to Prima Plastics' shareholders. Concurrently, Prima Innovation's pre-scheme paid-up share capital of INR 1,00,000 (0.01 Cr) was cancelled. This restructuring changes the ownership, distributing a direct stake in Prima Innovation to shareholders and impacting Prima Plastics' consolidated business portfolio.