Management Change31 Jul 2026, 05:10 pm
India Glycols: Senior Managerial Personnel Transfer to Subsidiary
AI Summary
India Glycols Ltd has announced a change in its Senior Managerial Personnel (SMP). Shri Akshay Bansal, formerly Head- Sales & Marketing of Ennature Biopharma Division, has been transferred to Ennature Bio Pharma Limited (EBL), a wholly-owned subsidiary. Consequently, he ceased to be an SMP of India Glycols Ltd from July 30, 2026. EBL has appointed Shri Bansal as Additional Director (Executive Director) and Key Managerial Personnel (KMP) of EBL, effective July 31, 2026, for a term of five years, subject to shareholder approval. This move is part of a larger Scheme of Arrangement involving India Glycols, EBL, and IGL Spirits Limited.
Key Highlights
- Shri Akshay Bansal transferred from India Glycols to subsidiary EBL.
- Bansal ceases to be Senior Managerial Personnel of India Glycols.
- Appointed Additional Director (Executive) & KMP at EBL.
- Appointment at EBL is for a five-year term.
- Disclosure relates to a Scheme of Arrangement.
Price Impact
More from INDIAGLYCO