India Glycols Sets Sept 1 Effective Date for Scheme of Arrangement

India Glycols Ltd has announced the fixation of the Effective Date and Record Date for its Scheme of Arrangement involving demerger into Ennature Bio Pharma Limited (EBL) and IG L Spirits Limited (IGSL). The Effective Date is set for September 1, 2026, when the NCLT order sanctioning the scheme will be filed. The Record Date is September 2, 2026, to determine shareholders eligible for allotment of shares in the resulting companies. Shareholders will receive 1 Equity Share of EBL for every 3 Equity Shares held in India Glycols, and 1 Equity Share of IGSL for every 1 Equity Share held. Shares of both resulting companies are planned for listing on NSE and BSE.