Kkalpana Industries (India) Limited (BSE:526409) announced to spin off Ddev Plastiks Industries Limited on March 4, 2022. Kkalpana Industries (India) Limited shall issue 1 share for each share of Ddev Plastiks Industries Limited. The Hon'ble National Company Law Tribunal, Kolkata Bench has approved the transaction vide its Order dated March 4, 2022.

The appointed date is April 1, 2022. The record date for the transaction is April 6, 2022. As per April 5, 2022, record date revised to April 8, 2022.

The equity shares of Ddev Plastiks lndustries Limited were listed on July 26, 2022, on the Bombay Stock Exchange Limited.