India Glycols fixes effective and record date for demerger into two companies
INDIAGLYCO · price
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India Glycols has fixed 1 September 2026 as the Effective Date and 2 September 2026 as the Record Date for its demerger scheme, approved by NCLT Allahabad. Under the scheme, the business will be split into two resulting companies: Ennature Bio Pharma (EBL) and IGL Spirits (IGSL). Shareholders will get 1 EBL share for every 3 India Glycols shares held, and 1 IGSL share for every 1 India Glycols share held. Both EBL and IGSL shares will be listed on NSE and BSE subject to approvals.
Shareholders on record date will receive shares in both EBL and IGSL, creating two new listed entities in addition to holding India Glycols.