
Corporate Action17 Sept 2026, 07:50 pm
Cello World Compensates Wim Plast Shareholders Post-Amalgamation
AI Summary
Cello World Limited has officially reported the compensation of shareholders from Wim Plast Limited who were eligible for fractional shares following the composite scheme of amalgamation. The Audit and Independent Directors Committee certified that the company has fulfilled these obligations in compliance with SEBI Master Circular and the Companies Act, 2013. A total of 46,53,239 equity shares were allotted, with fractional entitlements consolidated and managed by an independent trustee.
Key Highlights
- Cello World compensated eligible Wim Plast shareholders for fractional shares.
- Compliance with SEBI Master Circular and Companies Act confirmed.
- 46,53,239 equity shares allotted as part of the amalgamation.
- Fractional shares were consolidated and managed by an independent trustee.
Price Impact
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