Timetable Adjustment for Vinpai Block Acquisition

Camlin Fine Sciences Limited (CFSL), a prominent Indian firm in shelf life solutions, has outlined changes to the schedule of its acquisition of a majority stake in Vinpai. Originally expected by November 12, 2025, Indian regulatory approvals were obtained by November 18, prompting these adjustments.

CFSL shareholders approved, with 99.9924% votes, the issuance of new shares as payment. The board set the share price at INR 247.69 (€2.39). The Block Acquisition is now set for completion by November 30, 2025.

In December, CFSL plans to file a draft simplified cash tender offer for the remaining Vinpai shares. This acquisition is pivotal for financing necessary to sustain Vinpai's operations through convertible bonds that will convert to Vinpai shares post-acquisition.