Three non-executive directors, Shri Manish Chandra Pant, Shri Bhupendar Pal Singhal, and Shri Shashi Kant Shukla, have resigned from their positions at IGL Spirits Limited, a subsidiary of India Glycols Limited. The resignations are effective September 7, 2026, and are stated to be due to personal reasons. This development was formally communicated to India Glycols Limited and subsequently to the stock exchanges.
Key Director Resignations Announced
IGL Spirits Limited, a subsidiary of India Glycols Limited, has announced the immediate resignation of three of its non-executive directors. The directors in question are Shri Manish Chandra Pant (DIN: 08850173), Shri Bhupendar Pal Singhal (DIN: 08850152), and Shri Shashi Kant Shukla (DIN: 07117368). All three resignations are effective from September 7, 2026.
Reasons and Formalities
According to the official communication, the directors’ resignations are attributed to personal reasons. The announcement was made by IGL Spirits Limited on September 7, 2026, and India Glycols Limited has filed this material update with the stock exchanges, namely the BSE Limited and the National Stock Exchange of India Limited. The company has provided the necessary details as per regulatory requirements in Annexure A of the disclosure.
Scheme of Arrangement Context
This disclosure is made in connection with the ongoing Scheme of Arrangement involving India Glycols Limited, Ennature Bio Pharma Limited, and IGL Spirits Limited. The resignations come as the subsidiary navigates this significant corporate restructuring. India Glycols Limited has requested that the stock exchanges take this information on record.
Source: BSE
