NCLT sanctions demerger scheme into EBL and IGL Spirits

INDIAGLYCO · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.4%1-day move

₹1157.25

prior close

—

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-0.4-1.5+1.8+0.2+2.3—————

Up moveDown movePending

AI summary

NCLT Allahabad Bench on 17 July 2026 sanctioned India Glycols' Scheme of Arrangement. The scheme involves demerger of the Bio Pharma Undertaking into Ennature Bio Pharma Limited and the Spirits and Biofuel Undertaking into IGL Spirits Limited. This follows the company's earlier intimation dated 3 July 2026.

Likely market impact

For shareholders, NCLT sanction clears the demerger path. Shareholders will receive shares in the two resulting entities, EBL and IGL Spirits.