Prima Plastics Ltd

Prima Plastics Demerges Rotational Moulding Business 🏭

• Demerger sanctioned by NCLT Ahmedabad on March 16, 2026

• Appointed Date: July 1, 2024; Effective Date: March 31, 2026

• Prima Innovation allotted 1,10,00,470 equity shares (face value INR 5) to shareholders in 1:1 ratio

• Record Date for share allocation: April 17, 2026

• Tax treatment: 59% cost allocated to Prima Plastics shares, 41% to Prima Innovation shares

• Allotment not treated as transfer per Income Tax Act Section 47(vid)

• Acquisition date for both companies' shares deemed the same