INDIAGLYCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Glycols Limited has submitted newspaper advertisements notifying the public about a Scheme of Arrangement hearing scheduled before the NCLT Allahabad Bench, Prayagraj on 21 May 2026. The scheme involves India Glycols Limited (as the demerged company), Ennature Bio Pharma Limited (resulting company 1), and IGL Spirits Limited (resulting company 2), along with their respective shareholders. The petition was admitted by NCLT vide order dated 9 April 2026. The notices were published on 5 May 2026 in Financial Express and Business Standard (English), and Uttar Ujala (Hindi). Any person wishing to support or oppose the petition must submit notice to the petitioners' counsel at least 7 days before the hearing date.
The NCLT hearing marks a key step toward formal approval of the restructuring. If sanctioned, the demerger will restructure India Glycols' business, potentially affecting shareholder value and shareholding patterns in the resulting entities.