Updates

IGL/SE/2026-27/25 20th 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: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”): Update on Scheme of Arrangement Dear Sir(s), In continuation of our earlier intimation dated 17th July, 2026 bearing no: IGL/SE/2026- 27/24 regarding the sanctioning of the Scheme of Arrangement amongst India Glycols Limited ("the Company"), Ennature Bio Pharma Limited ("EBL"), IGL Spirits Limited ("ISL") and their respective shareholders ("Scheme") by the Hon'ble National Company Law Tribunal, Allahabad Bench at Prayagraj ("NCLT"), we are enclosing herewith a copy of the NCLT’s Order dated 17th July, 2026 (“Order”) (uploaded on the website of NCLT on 20th July, 2026) and the same is also available on the Company's website at https://www.indiaglycols.com/wp-content/uploads/Order_NCLT_17_7_2026.pdf. The certified copy of the said Order is awaited and will be submitted with the Stock Exchanges in due course. The requisite steps in compliance of the said Order are being taken by the Company, EBL and ISL. Upon the Scheme becoming effective, the Bio Pharma and the Spirits and Biofuel Undertaking(s) will be transferred to and vested in EBL and ISL, respectively. Kindly note the Appointed Date of the Scheme is 1st April, 2026 and the Company will inform the Stock Exchanges separately about the Effective Date of the Scheme. Kindly take the above information on record. Thanking you, Yours faithfully, For India Glycols Limited Ankur Jain Head (Legal) & Company Secretary Enclosure: as above IN THE NATIONAL COMPANY LAW TRIBUNAL ALLAHABAD BENCH, PRAYAGRAJ CP (CAA) NO.07/ALD/2026 IN CA (CAA) NO.36/ALD/2025 (SECOND MOTION) (An Application filed under Sections 230 - 232 of the Companies Act, 2013, read with Companies (Compromises, Arrangements, and Amalgamations) Rules, 2016, and other applicable provisions) IN THE MATTER OF SCHEME OF ARRANGEMENT OF: INDIA GLYCOLS LIMITED, a company duly incorporated as public listed company under the provisions of the Companies Act, 1956 and being a company within the meaning of the Companies Act, 2013, having its registered office at A-1, Industrial Area, Bazpur Road, Kashipur, Distt. Udham Singh Nagar, Uttarakhand, India -244713. ……..Petitioner Company No. 1/Demerged Company ENNATURE BIO PHARMA LIMITED, a company duly incorporated as a public limited company under provisions of the Companies Act, 2013 and being a company within the meaning of the Companies Act, 2013, having its registered office at P. No. 4 Pharma City Selaqui, Dehradun, Uttarakhand, India -248197. ………Petitioner Company No. 2/Resulting Company No.1 IGL SPIRITS LIMITED, a company duly incorporated as a public limited company under provisions of the Companies Act, 2013 and being a company within the meaning of the Companies Act, 2013, having its registered office at A-1, Industrial Area, Bazpur Road, Kashipur, Distt. Udham Singh Nagar, Uttarakhand, India 244713 in the state of Uttarakhand. ………Petitioner Company No. 3/Resulting Company No.2 Order Pronounced on: 17.07.2026 CP (CAA) NO.07/ALD/2026 IN CA (CAA) NO.36/ALD/2025 (SECOND MOTION) IN THE NATIONAL COMPANY LAW TRIBUNAL ALLAHABAD BENCH, PRAYAGRAJ Page 1 of 31 Coram: Mr. Praveen Gupta : Member (Judicial) Mr. Ashish Verma : Member (Technical) Appearances: Sh. Rahul Agarwal, Sr. Adv. : For the Applicant/ Petitioner Companies Sh. Amit Mahajan, Sr. S.C. : For the Income Tax Deptt. Sh. Mohd. Akhtar, STA : For the O.L./RoC, Uttarakhand ORDER 1. This is a joint second motion petition filed by the Petitioner Companies above named under Sections 230 & 232 of the Companies Act, 2013, read with Rule 15 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, and other applicable provisions, for time being in force, for sanction of the Scheme of Arrangement (hereinafter be referred to as “the Scheme”) involving demerger of the Biopharma Undertaking and the Spirits and Biofuel Undertaking (hereinafter collectively referred as “Demerged Undertakings”) from the India Glycols Limited (hereinafter referred as “Petitioner No. 1/ Demerged Company”) to Ennature Bio Pharma limited (hereinafter referred as “Petitioner No. 2/ Resulting Company No. 1”) and IGL Spirits Limited (hereinafter referred as “Petitioner No. 3/ Resulting Company No. 2”) respectively. 2. The main objects, date of incorporation, and authorized and paid-up share capital of the Demerged Company and Resulting Companies, rationale of the scheme and required statutory compliances have been discussed in the first motion order dated 15.01.2026. CP (CAA) NO.07/ALD/2026 IN CA (CAA) NO.36/ALD/2025 (SECOND MOTION) IN THE NATIONAL COMPANY LAW TRIBUNAL ALLAHABAD BENCH, PRAYAGRAJ Page 2 of 31 3. The first motion petition was initially filed by the Petitioner Companies vide Company Application No. 36/ALD/2025, seeking directions of this Tribunal to dispense with the requirement of convening the meetings of the equity shareholders of the Resulting Companies No. 1 and 2 for the purpose of considering and approving the Scheme of Arrangement. It was further prayed by the Petitioner Companies to convene separate meetings of equity shareholders and Unsecured Creditors of the Demerged Company under the supervision of this Tribunal for the purpose of considering and approving the proposed Scheme of Arrangement. Accordingly, this Tribunal, vide its order dated 15.01.2026, allowed the above-mentioned prayers, by dispensing with the requirement of convening meetings of equity shareholders of the Resulting Companies No. 1 and 2 and further directed to convene separate meetings of the Equity Shareholders and Unsecured Creditors of the Demerged Company for the approval of the Scheme. 4. The report of the Chairperson dated 26.03.2026 on the meeting of Equity Shareholders and Unsecured creditors of the Demerged Company was filed within the stipulated period stating that the scheme was unanimously approved by the Equity Shareholders, as well as the majority of Unsecured Creditors, present and voting. The voting result as submitted in the Chairperson’s Report is reproduced as under: a. Voting Results of the Equity Shareholders: Category of Total Votes Voted in FAVOUR Voted AGAINST Invalid/ Shareholders Casted Votes % of Votes % of Abstained casted valid casted valid votes votes CP (CAA) NO.07/ALD/2026 IN CA (CAA) NO.36/ALD/2025 (SECOND MOTION) IN THE NATIONAL COMPANY LAW TRIBUNAL ALLAHABAD BENCH, PRAYAGRAJ Page 3 of 31 Total- All 4,42,48,626 4,42,48,625 100% 1 0.0000 Nil Equity Shareholders Promoter(s) 3,99,67,854 3,99,67,854 100% Nil -- Nil and Promoter Group Non- Promoter 42,80,772 42,80,771 100% 1 0.0000 Nil Shareholders b. Voting Results of the Unsecured Creditors: Particulars Number of Unsecured Value of the Unsecured Creditors Creditors (Rs. Lakh) Total Unsecured Creditors 575 1,12,010.63 entitled to vote (as on cut- off date) Total Unsecured Creditors 36 64,266.50 who participated in e- voting (Remote + at Meeting) Votes cast in FAVOUR of 36 64,266.50 (100%) the Resolution Votes cast AGAINST the Nil Nil Resolution Invalid/ Abstained Votes Nil Nil 5. This Tribunal vide its order dated 09.04.2026 directed to issue notice of the Company Petition/ Scheme of Arrangement to the Statutory Authorities, viz., (a) the Central Government through the office of the Regional Director, Northern Region, Ministry of Corporate Affairs, New Delhi; having address B-2 Wing, 2nd Floor, Pt. Deen Dayal Antodaya Bhawan, CGO Complex, Lodhi Road, New Delhi-110 003 and email id- rd.north@mca.gov.in (b) the Registrar of Companies, Ministry of Corporate Affairs, Uttarakhand, [Showing first 8,000 characters — download PDF for full document]