Legal20 Aug 2026, 08:20 pm
India Glycols: NCLT Approves Scheme of Arrangement
AI Summary
India Glycols Ltd has received a certified true copy of the order from the National Company Law Tribunal (NCLT), Allahabad Bench, approving the Scheme of Arrangement. This scheme involves India Glycols Limited as the Demerged Company, Ennature Bio Pharma Limited as Resulting Company 1, and IGL Spirits Limited as Resulting Company 2. The NCLT's approval, dated July 17, 2026, follows earlier intimations and is pursuant to Sections 230-232 of the Companies Act, 2013. The Appointed Date for the scheme is April 1, 2026. The Effective Date and Record Date will be determined and communicated by the respective Boards of Directors.
Key Highlights
- NCLT approves Scheme of Arrangement for India Glycols, Ennature Bio Pharma, and IGL Spirits.
- Scheme involves demerger of India Glycols into two resulting entities.
- Appointed Date for the scheme is April 1, 2026.
- Effective and Record Dates to be decided by the respective Boards.
- NCLT order received on August 20, 2026.
Price Impact
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