NCLT sanctions India Glycols demerger into two new entities

Nclt Scheme FiledDemerger Ratio AnnouncedCore Business DivestedStrategic Transactions View source PDF

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

-0.2%1-day move

₹1142.00

prior close

₹1149.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.7+1.7+1.1+0.8-0.2+3.2+1.5+3.7——————

Up moveDown movePending

AI summary

NCLT Allahabad has sanctioned the Scheme of Arrangement for demerger of India Glycols Bio Pharma undertaking to Ennature Bio Pharma (1 share of Rs 5 for every 3 shares held) and Spirits and Biofuel undertaking to IGL Spirits (1 share of Rs 5 for every 1 share held). Appointed date is 1 April 2026. Equity shareholders approved it unanimously (over 4.42 crore votes in favour). NSE and BSE gave no objection in November 2025. Effective date will be informed later.

Likely market impact

Shareholders of India Glycols will receive shares in Ennature Bio Pharma and IGL Spirits. Watch for record date and effective date announcements.