Camlin Fine Sciences Announces Shareholders' Meeting for Vinpai Acquisition

Camlin Fine Sciences Limited (CFSL), a prominent Indian group specializing in shelf-life solutions, has announced the schedule for its shareholders' meeting related to the acquisition of Vinpai. The meeting is set for October 29, 2025, to seek approval for issuing new shares under a share purchase agreement made with Vinpai's majority shareholders. The acquisition deal involves a price of EUR 3.60 per Vinpai share, including convertible bonds to support Vinpai’s business.

The approval process requires obtaining Indian tax identification numbers and opening dematerialized accounts to receive CFSL Consideration Shares as part of the payment. A change in the sellers' group composition has been noted, affecting neither the share count nor control percentage sold. These steps lead towards a simplified cash tender offer for any remaining shares.

The CFSL Board determined the subscription price for these shares to be INR 247.69. Final completion and allotment of shares are expected by mid-November 2025, followed by the filing of the tender offer with French market authorities.