Demerger effective Sep 1; share allotment ratio 1:3 and 1:1 fixed

Demerger Ratio AnnouncedNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

INDIAGLYCO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.2%Reaction day

₹1146.00

prior close

₹1155.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.3%+3.9% vs market

Breweries & Distilleries peers, median of 25sector-0.4%+4.6% vs sector

On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 4.6 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.1

10m

-0.8

15m

+0.3

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.2+0.3+3.9-0.4+4.6

Next day

+2.2-0.2+2.4+0.0+2.2

+4.0+0.4+3.6+0.8+3.2

+5.0+0.2+4.8-1.0+6.0

+2.4+0.5+2.0-0.5+3.0

+0.1+0.8-0.7-1.3+1.4

-79.4-0.8-78.6-1.1-78.3

15d

-75.5-2.1-73.4-6.4-69.2

-73.0+0.2-73.3-5.9-67.2

-75.1-9.2-66.0-13.9-61.2

—————

UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT has sanctioned the scheme of arrangement among India Glycols (demerged), Ennature Bio Pharma, and IGL Spirits. Effective Date is Sep 1, 2026 and Record Date is Sep 2, 2026. Shareholders will get 1 EBL share for every 3 IGL shares held, and 1 IGSL share for every 1 IGL share held. Both resulting companies will seek listing on NSE and BSE.

Likely market impact

Shareholders receive shares in two new entities based on Sep 2 record date. Watch for listing approvals and price moves around effective date.