India Glycols Approves 2.23 Cr Share Allotment, Appoints CFO & CS
India Glycols Ltd announced a significant corporate action following a Board of Directors meeting on September 8, 2026. The company approved the allotment of 2,23,42,255 fully paid-up equity shares of INR 5 each in a 1:3 ratio to eligible shareholders as per the Scheme of Arrangement. The record date for this allotment was September 2, 2026. Additionally, the Board appointed Shri Ajay Sharma as Chief Financial Officer & Key Managerial Personnel and Smt. Preeti Choudhary as Company Secretary, Key Managerial Personnel & Compliance Officer. The company also approved the appointment of M/s Mukesh Agarwal & Co. as Secretarial Auditor for FY 2026-27 to 2030-31 and M/s S.S. Kothari Mehta & CO. LLP as Internal Auditor for FY 2026-27. An Information Memorandum for listing and trading approval of the allotted shares was also approved.
Key Highlights
- Approved allotment of 2,23,42,255 equity shares in 1:3 ratio.
- Appointed Shri Ajay Sharma as Chief Financial Officer.
- Appointed Smt. Preeti Choudhary as Company Secretary.
- Approved appointment of Secretarial and Internal Auditors.
- Seeking stock exchange approval for listing of new shares.
Price Impact
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