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India Glycols Ltd · 500201
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India Glycols Ltd has transferred Shri Akshay Bansal, Head- Sales & Marketing of Ennature Biopharma Division, to Ennature Bio Pharma Limited, a wholly owned subsidiary, and he has been appointed as Additional Director (Executive Director) & Key Managerial Personnel of EBL.
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Full Announcement
India Glycols Ltd - 500201 - Announcement under Regulation 30 (LODR)-Change in Management
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IGL/SE/2026-27/32
31st July, 2026
The Manager (Listing) The Manager (Listing)
BSE Limited National Stock Exchange of India Limited
1st Floor, New Trading Ring, Exchange Plaza, C-1, Block G,
Rotunda Building, P.J. Towers, Bandra Kurla Complex,
Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai- 400 051
Scrip Code: 500201 Symbol: INDIAGLYCO
Dear Sirs,
Sub.:
i.) Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 : Update on Senior Managerial Personnel; and,
ii.) Material Update in connection with Ennature Bio Pharma Limited with reference to
Observation letter no. NSE/LIST/48932 dated 17th November, 2025 and no.
DCS/AMAL/TS/R37/3905/2025-26 dated 19th November, 2025 ("Observation Letters"), issued
by the National Stock Exchange of India Limited and BSE Limited (collectively the "Stock
Exchanges"), respectively, received in relation to the Scheme of Arrangement.
i. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”) read with Para A of Part A of Schedule III and
the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January
2026 (as amended)(“SEBI Master Circular”), we wish to inform you that the Company has
transferred Shri Akshay Bansal, Head- Sales & Marketing of Ennature Biopharma Division, a
Senior Managerial Personnel (“SMP”) to Ennature Bio Pharma Limited (“EBL”), a wholly
owned subsidiary of the Company, and consequently, he ceased to be a SMP of the
Company from the close of business hours on 30th July, 2026.
As required under SEBI Listing Regulations read with the SEBI Master Circular , the details are
provided under Annexure A.
ii. We would like to further inform you that EBL, through its letter dated 31st July, 2026 has
communicated to the Company as a material event update that Shri Akshay Bansal
(DIN:11836049) has been appointed as Additional Director (Executive Director) & Key
Managerial Personnel (KMP) of EBL, which is enclosed herein as Annexure B. This disclosure
is being made in respect of EBL, pursuant to the requirement in the Observation Letters and
the SEBI Master Circular.
Thanking you,
Yours truly,
For India Glycols Limited
Ankur Jain
Head (Legal) & Company Secretary
Encl: A/a
ANNEXURE A
Sr Particulars Details
1 Reason for change Shri Akshay Bansal (Senior Management Personnel) of
(appointment, resignation, the Company has been transferred to Ennature Bio
removal, death or Pharma Limited (“EBL”), a wholly owned subsidiary of the
otherwise) Company. Consequently, he ceased to be the Senior
Management Personnel of the Company from the close
of business hours on 30th July, 2026.
2 Date of appointment and Not Applicable
term of appointment
3 Brief profile Not Applicable
(in case of appointment)
4 Disclosure of relationships Not Applicable
between directors
(in case of appointment of a
director)
Annexure B
ENNATURE BIO PHARMA LIMITED
(Formerly known as Ennature Bio Pharma Private Limited)
Plot No. 2-B, Sector-126, Noida- 201304, Distt. Gautam Budh Nagar, Uttar Pradesh, Tel.: +91 120 3090100, 3090200, 6860000
Fax: +91 120 3090111, 30902111 E-mail: connect@ennature.com, Website: www.ennaturebiopharma.com
31.07.2026
India Glycols Limited
Plot No. 2-B, Sector- 126,
Noida-201304
Sub: Material update in connection with the Scheme of Arrangement amongst India Glycols Limited and
Ennature Bio Pharma Limited (the Company) and IGL Spirits Limited and their respective shareholders
under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ("Scheme").
Dear Sir/ Madam,
This is to inform you that the Board of Directors of the Company, at its meeting held on July 31, 2026, has
inter- alia, approved the appointment of Shri Akshay Bansal (DIN: 11836049) as an Additional Director
(Executive Director) & Key Managerial Personnel, with effect from July 31, 2026. Further, subject to approval
of the shareholders of the Company, his appointment as an executive Director shall be for a term of 5 (five)
consecutive years commencing from July 31, 2026 till July 30, 2031.
It is affirmed that Shri Akshay Bansal is not debarred from holding the office of Director by virtue of any SEBI
order or any other such authority in terms of BSE Circular LIST/COMP/14/2018-19 and NSE Circular
NSE/CML/2018/24 dated June 20, 2018.
Necessary details as required under Master Circular No. HO/49/14114(7)2025-CFD- POD2/]/3762/2026 dated
January 30, 2026 are enclosed herewith as Annexure A.
This is for your information.
Thanking You.
Yours faithfully,
For Ennatur J’fiharma Limited
WV A
WC ndra Pant
irector
DIN: 08850173
Encl: As above
Registered Office: P.No. 4, Pharma City, Selaqui-248197, Dehradun, Uttarakhand, India
Phone: +91 135-2698620, Fax: +91 135 2698939;
CIN: U24290UR2021PLC013005
ENNATURE BIO PHARMA LIMITED
(Formerly known as Ennature Bio Pharma Private Limited)
Plot No. 2-B, Sector-126, Noida- 201304, Distt. Gautam Budh Nagar, Uttar Pradesh, Tel.: +91 120 3090100, 3090200, 6860000
Fax: +91 120 3090111, 30902111 E-mail: connect@ennature.com, Website: www.ennaturebiopharma.com
Annexure-A
S. No| Particulars Details
1 Reason for change | Shri Akshay Bansal (DIN: 11836049) has been appointed as Additional
(appointment, Director (Executive Director) & Key Managerial Personnel
resignation,
removal, death or
otherwise)
2 Date of July 31, 2026 for a period of 5 (five) years till July 30, 2031.
appointment and
term of
appointment
3 Brief profile Shri Akshay Bansal aged 52 years is a seasoned leader with 26 years of
experience across the pharmaceuticals, nutraceuticals, and nicotine industries.
(in case of
He has deep expertise in manufacturing operations, international commercial
appointment)
strategy, supply chain management, business development.
He holds a graduate degree in Hospital Administration and a Master's degree
in Business Administration (MBA) from Devi Ahilya University, Indore, and has
completed a Certificate Programme in General Management (CPGM) from the
Institute of Management Studies, Lucknow.
Prior to his current appointment, he was serving as Head Sales & Marketing
(Ennature Bio Pharma Division) of India Glycols Limited, the Holding Company.
During his career, he has also worked with organizations such as Mankind
Pharma Ltd., Glenmark Generics Ltd., Dishman Group, Alembic
Pharmaceuticals Ltd. and Orchid Pharma.
4 Disclosure of Nil
relationships
between directors
(in case of
appointment of a
director)
Registered Office: P.No. 4, Pharma City, Selaqui-248197, Dehradun, Uttarakhand, India
Phone: +91 135-2698620, Fax: +91 135 2698939;
CIN: U24290UR2021PLC013005