NCLT allows first motion for India Glycols demerger; shareholder meet on 9 March

Nclt Scheme FiledDemerger Ratio AnnouncedStrategic 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

-1.7%Reaction day

₹935.00

prior close

₹931.50

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-1.3%-0.4% vs market

Breweries & Distilleries peers, median of 24sector-1.6%-0.2% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.2 pts less 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

-2.4

15m

-2.5

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7-1.3-0.4-1.6-0.2

Next day

-6.3-4.0-2.3-4.6-1.7

-9.5-4.8-4.8-5.0-4.5

-8.7-3.3-5.4-3.7-5.0

-13.4-5.3-8.0-5.1-8.3

-12.3-5.2-7.1-3.9-8.4

-8.5-3.7-4.9-5.1-3.4

15d

+5.9+3.6+2.3+2.2+3.7

-0.2+0.1-0.3+1.5-1.7

-7.0-8.9+1.9-8.8+1.8

+2.4+3.2-0.8-2.4+4.7

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

NCLT Allahabad allowed India Glycols first motion for its demerger scheme. The Bio Pharma Undertaking will move to Ennature Biopharma and the Spirits and Biofuel Undertaking to IGL Spirits. Shareholders get 1 Ennature share per 3 IGL shares and 1 IGL Spirits share per 1 IGL share. Shareholder and unsecured creditor meetings set for 9 March 2026 via video conferencing. Appointed date is 1 April 2026. Scheme still needs further regulatory approvals.

Likely market impact

Shareholders vote on demerger on 9 March. If approved, they receive shares in two new listed entities, potentially unlocking value through business separation.