Board Meeting8 Sept 2026, 07:10 pm
India Glycols Approves Share Allotment & Key Appointments
AI Summary
India Glycols Limited announced a significant corporate action following its Board Meeting on September 8, 2026. The company approved the allotment of 6,70,26,765 equity shares of INR 5 each, on a 1:1 ratio, to eligible shareholders as part of a Scheme of Arrangement. This allotment ranks pari passu with existing shares. Additionally, the Board appointed Naresh Kumar Agrawal as Chief Financial Officer and Ishan Khanna as Company Secretary. M/s MAKS & Co. was appointed Secretarial Auditor for five years, and M/s S.S. Kothari Mehta & CO. LLP as Internal Auditor for FY 2026-27. The company will also seek stock exchange approval for listing these new shares.
Key Highlights
- Approved allotment of 6.7 Cr equity shares under Scheme of Arrangement.
- Appointed Naresh Kumar Agrawal as CFO and Ishan Khanna as Company Secretary.
- Appointed Secretarial and Internal Auditors for upcoming financial years.
- Seeking stock exchange approval for listing of newly allotted shares.
Price Impact
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