StockWatch
·
Specialty Chemicals
Corporate Action7 Sept 2026, 07:30 am

Jubilant Agri Creditors Approve Demerger Scheme

AI Summary

Jubilant Agri and Consumer Products Ltd announced that its unsecured creditors have approved the Scheme of Arrangement for Demerger between Jubilant Agri and Consumer Products Limited and Jubilant Agri Solutions Limited. The resolution was passed with the requisite majority at a meeting held on September 5, 2026. This approval is a significant step in the demerger process, which is being conducted under the provisions of Sections 230 to 232 of the Companies Act, 2013, following an order from the National Company Law Tribunal (NCLT), Allahabad Bench. The company has submitted the voting results and the Scrutinizer's Report to the stock exchanges.

Key Highlights

  • Unsecured creditors approved the demerger scheme.
  • Resolution passed with the required majority.
  • Demerger is between Jubilant Agri and Jubilant Agri Solutions.
  • Approval follows NCLT order and Companies Act provisions.
  • Voting results and scrutinizer report submitted.