Deals24 Mar 2026, 06:04 pm
Prima Plastics Ltd Receives NCLT Order Sanctioning Scheme of Demerger
AI Summary
Prima Plastics Ltd has received a certified true copy of the order from the Hon'ble NCLT, Ahmedabad Bench, sanctioning the Scheme of demerger between Prima Plastics Limited and Prima Innovation Limited. The effective date of the Scheme is fixed as March 31, 2026.
Key Highlights
- Prima Plastics Ltd has received the certified true copy of the NCLT order sanctioning the Scheme of demerger.
- The Scheme of demerger is between Prima Plastics Limited and Prima Innovation Limited.
- The effective date of the Scheme is fixed as March 31, 2026.
- The order was received under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.