Wim Plast to hold creditor meeting for composite scheme

Wim Plast Limited (WPL) will hold a meeting for unsecured creditors on Saturday, December 6, 2025, at 11:30 a.m. (IST) via video conferencing or audio-visual means. The meeting aims to consider and approve a Composite Scheme of Arrangement involving WPL, Cello Consumer Products Private Limited (CCPPL), and Cello World Limited (CWL). The scheme includes the demerger of WPL’s manufacturing business into CCPPL, with CWL issuing equity shares to WPL shareholders. It also involves the subsequent amalgamation of WPL’s remaining business with CWL, which will also involve CWL equity share issuance.

The proposed demerger is expected to create a dedicated manufacturing vertical, enhancing efficiency and shareholder value. The amalgamation aims to streamline corporate structure and unify operations. The scheme is contingent on receiving the requisite majority votes from creditors and shareholders, as well as necessary regulatory approvals. All related documents, including the scheme and explanatory statement, are available on the company’s website.

Key dates for the process include a cut-off date for e-voting on October 30, 2025. Remote e-voting will commence on December 3, 2025, at 09:00 a.m. (IST) and conclude on December 5, 2025, at 05:00 p.m. (IST). As of June 30, 2025, amounts due to unsecured creditors were INR 13,95,61,874.