India Glycols fixes effective and record date for demerger into two companies

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

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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

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.

Likely market impact

Shareholders on record date will receive shares in both EBL and IGSL, creating two new listed entities in addition to holding India Glycols.