Cello world shareholders back composite scheme of arrangement

Cello World Limited has announced that its equity shareholders approved a Composite Scheme of Arrangement involving Wim Plast Limited and Cello Consumer Products Private Limited. The resolution, passed at a meeting held on December 6, 2025, aligns with directions from the National Company Law Tribunal, Ahmedabad Bench.

Out of 123,983 shareholders eligible to vote, 55 attended the meeting via video conferencing, with 9 from the promoter group and 46 from the public. Total shares held were 220,885,034, with 201,355,423 votes polled, representing 91.1585% of outstanding shares.

The voting results show overwhelming support, with 99.9999% of polled votes in favor across promoter and public categories. Specifically, 161,762,971 promoter votes and 39,576,657 public institutional votes were 100% in favor. For public non-institutional votes, 14,309 votes were in favor, representing 99.8813%. Only 17 votes were cast against the resolution, demonstrating strong shareholder confidence in the proposed restructuring.