India Glycols Limited has announced the Effective Date for its Scheme of Arrangement as Tuesday, September 1, 2026. The Record Date for determining shareholders eligible for allotment of shares in Resulting Companies 1 and 2 has been fixed for Wednesday, September 2, 2026. This follows the NCLT’s approval of the arrangement involving India Glycols, Ennature Bio Pharma, and IGL Spirits.
Scheme of Arrangement Moves Forward
India Glycols Limited has officially declared the Effective Date for its ongoing Scheme of Arrangement. This pivotal date has been set for Tuesday, September 1, 2026. This date marks the official filing of the certified true copy of the National Company Law Tribunal’s (NCLT) order sanctioning the scheme with the Registrar of Companies by all involved entities.
Key Dates for Shareholders
Furthermore, the company announced that Wednesday, September 2, 2026, will serve as the Record Date. This date is crucial for identifying the shareholders of India Glycols Limited who will be entitled to receive shares of the Resulting Companies. The allotment will be made based on a specific share entitlement ratio as outlined in the scheme.
Share Allotment Details
Under the approved scheme, Resulting Company 1 (Ennature Bio Pharma Limited) will issue 1 Equity Share of face value INR 5 for every 3 Equity Shares of face value INR 5 held in the Demerged Company (India Glycols Limited). Resulting Company 2 (IGL Spirits Limited) will issue 1 Equity Share of face value INR 5 for every 1 Equity Share of face value INR 5 held in the Demerged Company. These newly issued equity shares are slated for listing on both the National Stock Exchange of India Limited and the BSE Limited, subject to regulatory approvals.
Source: BSE
