IGL Spirits allotted 6.7 cr shares to India Glycols shareholders in 1:1 ratio

Demerger Ratio AnnouncedNclt Scheme FiledCore Business DivestedStrategic 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

+5.0%Reaction day

₹287.00

prior close

₹301.30

announcement price

After-mkt

timing

Nifty Microcap 250market-0.2%+5.1% vs market

Breweries & Distilleries peers, median of 25sector-0.6%+5.6% vs sector

On the reaction day the stock moved 5.1 pts more than Nifty Microcap 250 and 5.6 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

+0.0

10m

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15m

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30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0-0.2+5.1-0.6+5.6

Next day

+7.2-0.3+7.5-1.1+8.3

+2.8-0.2+3.0-1.7+4.4

-2.4-3.5+1.1-3.7+1.3

-7.2-3.6-3.6-3.2-4.0

-12.9-2.8-10.1-2.1-10.8

-10.8-1.4-9.4-1.2-9.6

15d

+4.2-3.0+7.2-5.9+10.0

+14.3-4.4+18.7-5.5+19.8

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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

Under the Scheme of Arrangement between India Glycols, Ennature Bio Pharma and IGL Spirits, IGSL allotted 6,70,26,765 equity shares of Rs 5 each in 1:1 ratio to India Glycols shareholders on record date Sept 2, 2026. Shares rank pari passu with existing shares. CFO Naresh Agrawal, Company Secretary Ishan Khanna, Secretarial Auditor MAKS and Co and Internal Auditor S.S. Kothari Mehta appointed. Information Memorandum approved for listing of new shares on stock exchanges.

Likely market impact

Spirits business being demerged into separate listed entity IGSL; eligible shareholders get one extra share in IGSL per share held. Watch for listing date.