India Glycols Limited has informed the Exchange about Copy of Newspaper Publication
INDIAGLYCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Glycols Limited has submitted newspaper clippings publishing a Notice of Hearing for a Company Scheme Petition, scheduled before the Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj on 21st May 2026. The petition, admitted by NCLT vide order dated 9th April 2026, relates to a Scheme of Arrangement involving three entities: India Glycols Limited (Petitioner/Demerged Company), Ennature Bio Pharma Limited (Resulting Company 1), and IGL Spirits Limited (Resulting Company 2). The scheme is filed under Sections 230 to 232 of the Companies Act, 2013. Any person wishing to support or oppose the petition must submit notice to the Petitioner's counsel at least 7 days before the hearing date.
This is a procedural filing announcing the next step in the company's demerger process. NCLT has already admitted the petition, and the 21st May hearing moves the scheme closer to final approval. Shareholders should monitor outcomes as the arrangement will restructure the company's business operations across its bio pharma and spirits segments.