Wim Plast dissolves as Cello World merger takes effect
The company will delist following the completion of its scheme of arrangement. Shareholders are set for a record date of June 9 to receive Cello World equity.
— 1 earlier story on Wim Plast Ltd. →What's new
- Wim Plast declared its scheme of arrangement with Cello Consumer Products and Cello World effective today.
- The company is now dissolved without being wound up.
- Shareholders will receive Cello World shares, marking the end of Wim Plast as a separate listed entity.
Why this matters
This marks the final act for the ₹421 crore market-cap entity. Investors are no longer holding a stake in Wim Plast but are transitioning into the Cello World structure. The dissolution is absolute.
What we're watching
- The final trading date for Wim Plast shares before delisting.
- The credit of Cello World shares to eligible shareholder accounts.
- Any final communication regarding the transition process.
The full read
Wim Plast is no more. The board declared its scheme of arrangement with Cello Consumer Products and Cello World effective today, May 27. The company, which held a market capitalisation of approximately ₹421 crore, is now dissolved without being wound up. This is the final step in a corporate restructuring that removes Wim Plast from the exchange. Shareholders should mark June 9 on their calendars, as that is the record date for determining eligibility to receive equity shares in Cello World. The transition is complete. Investors who held Wim Plast are now effectively shareholders of Cello World, ending their exposure to the former entity's standalone structure. There is no further action required to initiate the dissolution; the scheme is now in full force.
Questions answered
- What happens to my Wim Plast shares?
- Wim Plast is now dissolved as a listed entity. You will receive equity shares of Cello World as part of the approved scheme of arrangement.
- When is the record date for the share exchange?
- The board has fixed June 9 as the record date. This date determines which shareholders are eligible to receive the new Cello World shares.
- Does the company need to go through a winding-up process?
- No. The scheme of arrangement declares the company dissolved without being wound up.
- Is Wim Plast still a separate listed company?
- No. Following the effective date of May 27, Wim Plast ceases to exist as a separate listed entity.
Story so far
All notes on WIMPLAST →- 27 May 2026 · 1:58 PM IST Wim Plast dissolves as Cello World merger takes effect
- 5d ago Wim Plast board meets May 27 to set merger timeline