
Management Change4 Aug 2026, 06:20 pm
India Glycols Subsidiary Appoints New Executive Director & COO
AI Summary
India Glycols Ltd (IGL) has announced a material update regarding its wholly-owned subsidiary, IGL Spirits Limited (IGSL). Shri Manoj Kumar Rai has been appointed as an Additional Director (Executive Director) and Key Managerial Personnel, designated as Executive Director & Chief Operating Officer of IGSL, effective August 4, 2026. This appointment is for a term of five years, concluding on August 31, 2031, subject to shareholder approval. Mr. Rai brings over 27 years of experience in business strategy and P&L management across various industries. This disclosure is made in connection with a Scheme of Arrangement involving India Glycols, Ennature Bio Pharma, and IGSL.
Key Highlights
- Shri Manoj Kumar Rai appointed Executive Director & COO of subsidiary IGSL.
- Appointment is for a five-year term commencing August 4, 2026.
- Mr. Rai has over 27 years of diverse industry experience.
- Appointment is part of a Scheme of Arrangement.
- Shareholder approval is required for the appointment.
Price Impact
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