Announced Mon, 7 Sept · 24:04 IST
Shareholders approve NCLT scheme for demerger of Agri Business
JUBLCPL · price
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Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹2234.10
prior close
₹2222.60
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.7+1.5+2.0+1.3-3.2-2.8-5.5-5.0-6.9-9.5————
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AI summary
Equity shareholders of Jubilant Agri and Consumer Products approved the Scheme of Arrangement for demerger of its Agri Business into Jubilant Agri Solutions Limited at the NCLT-convened meeting on September 5, 2026. Out of 1,16,36,870 shares polled (76.8% of outstanding), 99.99% voted in favor. Promoters voted fully in favor. The resolution was passed with requisite majority.
Likely market impact
Key milestone in demerger process. Next steps include NCLT sanction and other regulatory approvals before scheme becomes effective.