BSE has issued a continuation notice (following Exchange Notice No. 20260413-53 dated 13 April 2026) regarding the Scheme of Arrangement (Demerger) of Prima Plastics Ltd. (Scrip Code: 530589). The key update clarifies that the company’s equity shares will be transferred from the ‘X’ Group to the ‘XT’ Group (not the ‘T’ Group as may have been previously understood) with effect from 17th April 2026, which is also the Record Date fixed for the demerger.

Key Points

• This notice is a continuation of Exchange Notice No. 20260413-53 dated 13 April 2026.
• Record Date for the demerger is 17th April 2026.
• Equity shares of Prima Plastics Ltd. (Scrip Code: 530589) will be transferred from ‘X’ Group to ‘XT’ Group effective 17 April 2026.
• The transfer is to ‘XT’ Group, not ‘T’ Group — this is a correction/clarification from the earlier notice.
• All other contents of the earlier notice remain unchanged.
• Issued pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated November 2, 2010.

Regulatory Changes

Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated 2 November 2010, equity shares of companies undergoing schemes of arrangement are moved to a special trading group. In this case, Prima Plastics Ltd. shares are being moved to the ‘XT’ Group, which is the designated group for such corporate action scenarios, correcting an earlier implication that shares would move to the ‘T’ Group.

Compliance Requirements

• Trading members must note the group reclassification from ‘X’ to ‘XT’ for Prima Plastics Ltd. shares effective 17 April 2026.
• Trading members should update their systems and inform clients accordingly regarding the group change.
• No attachment is required from trading members; this is an informational notice.

Important Dates

• 13 April 2026: Original Exchange Notice No. 20260413-53 issued, announcing record date and demerger details.
• 16 April 2026: Current notice issued clarifying group transfer to ‘XT’ (not ‘T’).
• 17 April 2026: Record Date for the demerger; effective date of group transfer from ‘X’ to ‘XT’.

Impact Assessment

This notice primarily impacts trading members and investors holding equity shares of Prima Plastics Ltd. (Scrip Code: 530589). The reclassification to the ‘XT’ Group signals an active corporate restructuring event and may affect liquidity and trading patterns temporarily. The correction from ‘T’ to ‘XT’ Group is operationally important for trading systems and risk frameworks that treat these groups differently. Shareholders should be aware of the record date of 17 April 2026 for eligibility in the demerger benefits.

BSE has notified trading members that Prima Plastics Ltd (Scrip Code 530589) has fixed a record date of 17 April 2026 for its Scheme of Arrangement (Demerger) as approved by the Hon’ble National Company Law Tribunal (NCLT), Ahmedabad Bench. The demerger involves the separation of Prima Plastics Ltd’s Rotational Moulding Business into a newly resulting company, Prima Innovation Limited. Eligible shareholders will receive equity shares of Prima Innovation Limited in a 1:1 ratio based on their holdings in Prima Plastics Ltd.

Key Points

• Record Date for the demerger is 17 April 2026 (Settlement No. DR-612/2026-2027)
• Ex-Entitlement Date is also 17 April 2026
• The demerger has been approved by the NCLT, Ahmedabad Bench
• Demerged entity: Prima Plastics Ltd (Scrip Code 530589) — Demerged Company
• Resulting entity: Prima Innovation Limited — Resulting Company
• Share entitlement ratio: 1 fully paid-up equity share of Prima Innovation Limited (Face Value Rs. 5/-) for every 1 fully paid-up equity share of Prima Plastics Ltd (Face Value Rs. 10/-) held
• Trading in Prima Plastics Ltd equity shares will be transferred from ‘X’ Group to ‘T’ Group effective 17 April 2026

Regulatory Changes

• Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated 2 November 2010, trading in Prima Plastics Ltd shares will shift from the ‘X’ group to the ‘T’ group (Trade-to-Trade segment) with effect from 17 April 2026.
• The demerger scheme was sanctioned by the NCLT, Ahmedabad Bench, governing the demerger of the Rotational Moulding Business from Prima Plastics Ltd into Prima Innovation Limited.

Compliance Requirements

• Trading members must note the group transfer of Prima Plastics Ltd (530589) from ‘X’ to ‘T’ group effective 17 April 2026 and update their systems accordingly.
• Members should inform clients holding Prima Plastics Ltd shares about the record date entitlement and the upcoming allotment of Prima Innovation Limited shares.
• All transactions post-record date should account for the ex-entitlement status of Prima Plastics Ltd shares.

Important Dates

• Record Date: 17 April 2026
• Ex-Entitlement Date: 17 April 2026
• Group Transfer Date (X to T): 17 April 2026
• Settlement Number: DR-612/2026-2027
• Notice Date: 13 April 2026

Impact Assessment

This demerger has significant implications for shareholders and traders of Prima Plastics Ltd:

• Shareholders: Existing shareholders of Prima Plastics Ltd as of the record date (17 April 2026) will be entitled to receive 1 equity share of Prima Innovation Limited (FV Rs. 5/-) for every 1 equity share of Prima Plastics Ltd (FV Rs. 10/-) held. This creates value through the separation of the Rotational Moulding Business into a standalone entity.
• Traders: The migration of Prima Plastics Ltd from ‘X’ Group to ‘T’ Group (Trade-to-Trade) means that intraday trading will no longer be permitted; all trades must result in delivery. This increases settlement risk and may impact liquidity and trading volumes.
• Market Impact: The group change and demerger record date falling on the same day (17 April 2026) makes this a high-impact event. Arbitrage opportunities and price discovery for both Prima Plastics Ltd and Prima Innovation Limited will be closely watched by market participants.