India Glycols Limited has informed the Exchange regarding 'Please refer to attachment.'.

Nclt 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

-0.4%Reaction day

₹925.00

prior close

₹912.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.0%-0.4% vs market

Breweries & Distilleries peers, median of 24sector-1.6%+1.2% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 1.2 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

+0.1

10m

+0.4

15m

+0.1

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4-0.0-0.4-1.6+1.2

Next day

+1.3+2.5-1.2+0.6+0.7

+4.4+3.7+0.7+1.7+2.7

+5.7+4.9+0.8+2.9+2.8

+3.5+4.3-0.9+2.3+1.2

+4.6+5.5-0.8+3.1+1.5

+5.9+6.6-0.6+5.1+0.8

15d

+17.1+10.3+6.8+3.9+13.2

+19.9+7.7+12.2+0.7+19.2

+5.5+13.7-8.1-2.1+7.6

+17.4+19.1-1.6-2.9+20.3

UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 24Pending

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

AI summary

India Glycols Limited has received NCLT Allahabad Bench approval to proceed with its demerger scheme. The company will split into two separate entities: Ennature Biopharma Limited (Resulting Company 1) and IGL Spirits Limited (Resulting Company 2). The tribunal has admitted the Second Motion Petition under Sections 230-232 of the Companies Act, 2013 and directed the company to issue notices to regulatory authorities including SEBI, RBI, Income Tax authorities, and stock exchanges. Newspapers publications and 30-day representations period have been mandated. The matter is listed for further proceedings on 21st May 2026. The scheme remains subject to regulatory approvals and a certified copy of the order is awaited.

Likely market impact

This marks a significant procedural step in India Glycols' demerger. The stock may see volatility as the market assesses the impact of splitting the company's operations into pharma and spirits divisions. Final approval from NCLT and other regulators is still pending.