India Glycols Limited has confirmed the effectiveness of its Scheme of Arrangement as of September 1, 2026. Following this, certain Senior Management Personnel have ceased to be SMPs of the Company, with their employment transferred to the resulting entities. Details regarding these changes are provided in Annexure A, as per SEBI regulations.
India Glycols Scheme of Arrangement Effective
India Glycols Limited has officially announced the effectiveness of its Scheme of Arrangement, commencing from September 1, 2026. This development follows the company’s earlier intimation regarding the scheme’s approval and subsequent implementation.
Update on Senior Management Personnel
Pursuant to the Scheme of Arrangement, the employment of certain Senior Management Personnel (SMPs) has been transferred to the resulting companies. Consequently, these individuals have ceased to be the SMPs of India Glycols Limited, effective from the close of business hours on August 31, 2026. The company has provided detailed information as required under SEBI regulations, which is enclosed as Annexure A.
The details of the affected Senior Management Personnel, including their names, designations, and the reason for the change (transfer of employment due to the Scheme of Arrangement), are outlined. For the listed individuals, the reason for change is explicitly stated as subsequent to the transfer of their employment to the resulting companies as contemplated in the Scheme of Arrangement. For all entries, it is noted that these individuals ceased to be the SMPs of the Company from the close of business hours on August 31, 2026. Other details such as date of appointment, term of appointment, brief profile, and disclosure of relationships between directors are marked as ‘Not Applicable’ for these specific changes.
Source: BSE
