Jubilant Agri and Consumer Products Limited has informed the Exchange about Scheme of Arrangement- No Objection Certificate- Observation letter from NSE and BSE
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Jubilant Agri and Consumer Products Limited has received 'No Objection' letters from both NSE and BSE dated April 17, 2026, for the proposed demerger of its Agri Division into Jubilant Agri Solutions Limited. The exchanges have conveyed no adverse observations, allowing the company to file the scheme with NCLT. SEBI has mandated several compliance requirements including disclosure of ongoing legal proceedings, 3-year financials of both entities, auditor clarification on accounting methodology, and creditor NOCs. The observation letter validity is 6 months. The scheme remains subject to NCLT approval, shareholder and creditor consent, and other regulatory approvals.
The demerger is progressing with regulatory clearance, moving closer to completion. Upon NCLT approval, JASL shares may be listed, creating value for shareholders through a separate listed entity. However, final share allocation details and exact valuation remain pending.