NCLT sanctions demerger scheme into EBL and IGL Spirits

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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

-1.3%Reaction day

₹1157.25

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market+0.6%-1.9% vs market

Breweries & Distilleries peers, median of 25sector+0.9%-2.2% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 2.2 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

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Sessions after the filingfrom the prior close

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Reaction day

-1.3+0.6-1.9+0.9-2.2

Next day

-0.4+0.9-1.4-0.0-0.4

-1.5-0.2-1.2-0.3-1.2

+1.8-0.9+2.7-0.6+2.4

+0.2-0.5+0.7+0.4-0.2

+2.3+0.8+1.5+0.8+1.5

-1.3-0.0-1.3+0.8-2.1

15d

-6.4+3.9-10.4+2.6-9.0

-4.9+4.8-9.8+1.4-6.4

-77.9+5.1-83.0+2.1-79.9

-73.6-1.6-72.0-6.8-66.8

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

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.