NSEGeneral Updates3 Jul 2026 · 3 Jul 2026, 07:45 pm

General Updates

India Glycols Limited · INDIAGLYCO

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India Glycols Limited has informed the Exchange about General Updates on the Scheme of Arrangement amongst India Glycols Limited, Ennature Bio pharma Limited, and IGL Spirits Limited. The Hon'ble National Company Law Tribunal, Allahabad Bench at Prayagraj has reserved the matter for final pronouncement.

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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern3/10
Regulatory Risk4/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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India Glycols Limited has informed the Exchange about General Updates on the Scheme of Arrangement.

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INDIAGLYCO_03072026194503_SE_Intimation_NCLT_Order.pdf

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IGL/SE/2026-27/22 3rd 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 Sub: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir(s), In continuation of our earlier intimation dated 21st May, 2026 bearing letter no: IGL/SE/2026- 27/14 in relation to the Scheme of Arrangement amongst India Glycols Limited (“Demerged Company” / “Company”), Ennature Bio pharma Limited (“Resulting Company 1”), and IGL Spirits Limited (“Resulting Company 2”) and their respective shareholders (“Scheme”), we wish to inform that the Hon’ble National Company Law Tribunal, Allahabad Bench at Prayagraj (“NCLT”) vide their Order dated 2nd July,2026 which was uploaded on 3rd July, 2026 on NCLT Website, had reserved the matter for final pronouncement. Copy of the Order is attached for your reference and is also being uploaded on the website of the Company at: https://www.indiaglycols.com/wp-content/uploads/NCLT_Order_2_7_2026.pdf Any further information in this connection will be submitted with the Exchanges in due course. Thanking you, Yours faithfully, For India Glycols Limited Ankur Jain Head (Legal) & Company Secretary Encls: A/a DIVISION BENCH ITEM NO.115 NATIONAL COMPANY LAW TRIBUNAL ALLAHABAD BENCH PRAYAGRAJ CP (CAA) No.07/ALD/2026 IN CA (CAA) No.36/ALD/2025 (Second Motion) CORAM: 1. SH. PRAVEEN GUPTA, HON’BLE MEMBER (JUDICIAL) 2. SH. ASHISH VERMA, HON’BLE MEMBER (TECHNICAL) Date of Order: 2nd July, 2026 Attendance-Cum-Order Sheet of the Hearing. NAME OF THE COMPANY INDIA GLYCOLS LIMITED WITH IGL SPIRITS LIMITED UNDER SECTION 230/232 OF COMPANIES ACT 2013 COUNSEL APPEARED THROUGH PHYSICAL/ VIRTUAL HEARING: Sh. Rahul Agarwal, Sr. Adv. : For the Applicant/ Petitioner Companies Sh. Amit Mahajan, Sr. S.C. : For the Income Tax Department Sh. Mohd. Akhtar, STA : For the O.L./RoC, Uttarakhand ORDER 1. This is a Second Motion petition and is a Scheme of Demerger only, whereas the meetings of the secured creditors of the Petitioner Company No.1 as well as the meetings with respect to the Resulting Company were dispensed with. 2. Since, it is a Scheme of Demerger, there is no report required from the Official Liquidator. However, the report on behalf of the RoC cum OL, Uttarakhand has been filed, where no adverse observations have been pointed out in the said report. 3. Insofar as the report on behalf of the Income Tax Department is concerned, the Ld. Counsel representing the Income Tax Department points out that Rs.27,890/- is outstanding as per the demand raised on 06th May, 2026. 4. The Ld. Counsel representing the Petitioner on the other hand states that the amount due as a result of the demand notice has already been deposited on 06th July, 2023. However, the Ld. Counsel representing the Income Tax -Sd- -Sd- -1/2- Department points out that it could not have been possible for the satisfaction of the demand paid in 2023, against the demand raised in 2026 only. 5. According to the Ld. Counsel representing the Petitioner, it is only with respect to the interest amount and since the principle outstanding demand has been paid, therefore according to them no interest is accrued. 6. He however further submits that as per the undertaking contained in the petition, he would be bound by any outstanding demand post sanction of the Scheme particularly the Petitioner Company No.1 which is a demerging company and remains in existence post approval. 7. Matter heard. Order reserved. -Sd- -Sd- (Ashish Verma) (Praveen Gupta) Member (Technical) Member (Judicial) 2nd July, 2026 Avaneesh Kumar Singh (Stenographer) -2/2-