NCLT allows first motion for JACPL agri business demerger into JASL
JUBLCPL · price
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NCLT Allahabad has allowed the first motion application for demerger of JACPL's Agri Business into its wholly owned subsidiary JASL. Share entitlement ratio is 1 share of JASL for every 1 share of JACPL. Post-demerger, JACPL will be renamed Jubilant Industries Limited. NSE and BSE had already issued no-objection letters in April 2026. Meetings of 18,349 equity shareholders and 434 unsecured creditors (aggregate debt about Rs 194 crore) are scheduled for September 5, 2026. Secured creditors meeting dispensed with as 100 percent consent received.
Progresses the demerger plan to shareholder and creditor vote on September 5, 2026. Shareholders to receive 1 share in JASL for each share held.