Cello World Ltd

NCLT Approves Major Restructuring Plan for Cello World & Wim Plast 🏢⚖️

- NCLT Ahmedabad approves the Scheme of Arrangement between Wim Plast (WPL), Cello Consumer Products (CCPPL), and Cello World (CWL).

- The plan includes demerging WPL’s manufacturing business into CCPPL, followed by WPL’s amalgamation with CWL.

- Proposed effective date for the Scheme: April 1, 2025.

- WPL has 10,921 equity shareholders and 1,153 unsecured creditors (as of June 30, 2025).

- CCPPL has 2 equity shareholders and 2 unsecured creditors (as of June 30, 2025).

- CWL has 123,494 equity shareholders and 1,192 unsecured creditors (as of June 30, 2025).

- The restructuring aims to simplify management, improve efficiencies, and create synergies.

- BSE and NSE have issued no-objection letters (July 1-2, 2025).

- Court-convened meetings for shareholders/creditors scheduled for December 6, 2025.