Cello World absorbs Wim Plast: 55+31 CWL shares per 100 WPL, record date 9 June 2026
NCLT has cleared the composite scheme that demerges Wim Plast's manufacturing arm into Cello Consumer Products and amalgamates the residual business into listed Cello World. WPL holders receive 55 CWL shares (demerger) plus 31 CWL shares (merger) per 100 WPL shares, with the record date set for 9 June 2026.
What happened
NCLT-approved composite scheme demerges Wim Plast's manufacturing into Cello Consumer Products and amalgamates the residual business into listed Cello World.
Key facts
- 55 CWL shares per 100 WPL (demerger)
- 31 CWL shares per 100 WPL (merger)
- Record Date 09/06/2026
Why this matters
NCLT-approved composite scheme is a clean template for carving out manufacturing into an unlisted subsidiary while folding residual ops into the listed parent—worth benchmarking for similar promoter-group simplifications in consumer products.