FilingReader Intelligence

Cello World receives exchange approval for scheme of arrangement

July 7, 2025 at 07:06 PM UTCBy FilingReader AI

Cello World has received observation letters from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) regarding its proposed composite scheme of arrangement, a move that includes Wim Plast Limited and Cello Consumer Products Private Limited. These observation letters, issued in accordance with SEBI regulations, indicate 'No adverse observations' or 'No objection' from the exchanges, signifying regulatory progress for the company’s planned restructuring. The company has affirmed it will adhere to all conditions outlined in the observation letters and will proceed to file the Scheme with the National Company Law Tribunal (NCLT) in due course. Key details of the scheme are available on Cello World's website. Both exchanges listed several conditions and disclosures needed for shareholder information.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:CELLOBombay Stock Exchange

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