India Glycols Limited Notifies NCLT Scheme Petition Hearing Scheduled for May 21, 2026

2 min read     Updated on 06 May 2026, 07:05 AM
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India Glycols Limited has submitted newspaper clippings to BSE and NSE under Regulation 30 of SEBI LODR Regulations, 2015, regarding the Notice of Hearing of its Scheme of Arrangement petition before the NCLT Allahabad Bench, Prayagraj. The petition under Sections 230 to 232 of the Companies Act, 2013, involves a demerger of India Glycols Limited into two resulting companies — Ennature Bio Pharma Limited and IGL Spirits Limited — with the hearing scheduled for May 21, 2026, following NCLT admission on April 9, 2026. The notice was advertised in Financial Express, Business Standard, and Uttar Ujala on May 5, 2026, with Mr. Hirak Mukhopadhyay of Khaitan & Co. acting as Counsel for the Petitioner Companies.

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India Glycols Limited has filed a disclosure with the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, submitting newspaper clippings related to the Notice of Hearing of the Company Scheme Petition. The hearing before the Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj, is scheduled for May 21, 2026, as per the directions of the NCLT vide order dated April 9, 2026.

Scheme of Arrangement Details

The petition has been filed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. The Scheme of Arrangement involves three petitioner companies and their respective shareholders, as detailed below:

Parameter: Details
Petitioner Company 1 / Demerged Company: India Glycols Limited
Petitioner Company 2 / Resulting Company 1: Ennature Bio Pharma Limited
Petitioner Company 3 / Resulting Company 2: IGL Spirits Limited
Case Reference: CP (CAA) No.07/ALD/2026 in CA (CAA) No.36/ALD/2025 (Second Motion)
NCLT Bench: Allahabad Bench, Prayagraj
Order Admission Date: April 9, 2026
Hearing Date: May 21, 2026

Newspaper Advertisement Publication

In compliance with Rule 16 of the Companies (Compromises, Arrangements and Amalgamation) Rules, 2016, the Notice of Hearing was advertised in the following newspapers on May 5, 2026:

  • Financial Express (All Editions) — English
  • Business Standard (All Editions) — English
  • Uttar Ujala (Nainital Edition) — Hindi

Participation and Opposition Process

Any person desirous of supporting or opposing the petition is required to send a notice of intention, signed by themselves or their advocate along with their name and address, to the Advocates for the Petitioner Companies. Such notice must reach the Advocates not later than 7 (seven) days before the date fixed for the hearing, i.e., May 21, 2026. Persons seeking to oppose the petition are required to furnish the grounds of opposition or an affidavit along with the notice.

A copy of the Company Petition filed before the NCLT will be made available to any person requiring the same upon payment of prescribed charges. The Counsel for the Petitioner Companies is Mr. Hirak Mukhopadhyay of Khaitan & Co., Max Towers, 7th and 8th Floors, Sector 16B, Noida, Gautam Buddha Nagar 201 301, U.P.

Regulatory Compliance

The disclosure was made by Ankur Jain, Head (Legal) & Company Secretary of India Glycols Limited, vide letter reference IGL/SE/2026-27/06 dated May 5, 2026, addressed to the Manager (Listing) of BSE Limited and the National Stock Exchange of India Limited. The submission is in accordance with the requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Historical Stock Returns for India Glycols

1 Day5 Days1 Month6 Months1 Year5 Years
+5.75%+13.64%+22.17%+7.70%+58.43%+329.18%

How will the demerger of Ennature Bio Pharma Limited and IGL Spirits Limited from India Glycols affect the parent company's revenue streams and long-term growth strategy?

What synergies or competitive advantages are Ennature Bio Pharma Limited and IGL Spirits Limited expected to unlock as independently listed entities post-demerger?

How might the NCLT approval or potential opposition at the May 21, 2026 hearing impact India Glycols' stock valuation and shareholder returns?

India Glycols Limited Submits Second Newspaper Advertisement for Share Transfer Window

2 min read     Updated on 23 Apr 2026, 06:01 AM
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India Glycols Limited officially submitted its second newspaper advertisement to BSE and NSE on April 22, 2026, under Regulation 30 compliance. The advertisement, published in Financial Express (English) and Uttar Ujala (Hindi), informs shareholders about the special window for transfer and dematerialisation of physical shares purchased before April 1, 2019, which remains open until February 4, 2027.

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India Glycols Limited has submitted its second newspaper advertisement to stock exchanges regarding the special window for transfer and dematerialisation of physical shares. The company filed the submission on April 22, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Official Submission Details

The submission follows the company's earlier letter dated February 18, 2026, and relates to the special window established in accordance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The advertisement was published on April 22, 2026, in two newspapers to ensure wide reach among shareholders.

Publication Details: Information
English Publication: Financial Express (All Editions)
Hindi Publication: Uttar Ujala (Nainital Edition)
Publication Date: April 22, 2026
Letter Reference: IGL/SE/2026-27/05

Special Window Framework

The special window remains open for physical shares purchased prior to April 1, 2019, providing shareholders with a one-year period from February 5, 2026, to February 4, 2027. This facility specifically assists shareholders who either had not lodged shares for transfer or had lodged them but faced rejection or return due to documentation deficiencies.

Eligibility and Lock-in Requirements

The company has established clear eligibility criteria for shareholders seeking to utilize this special window. All shares re-lodged during the special window period must be credited to the transferee only in demat mode and will be subject to a mandatory lock-in period of one year from the date of registration of transfer.

Eligibility Matrix: Before April 1, 2019 Original Certificate Available Window Eligible
Not Previously Lodged: Yes Yes
Previously Rejected/Returned: Yes Yes
Previously Lodged (Certificate Missing): Yes No X
Not Lodged (Certificate Missing): No No X

Submission Process

Eligible shareholders may submit their transfer requests along with original share certificates and requisite documents to either the Company's Registrar and Share Transfer Agent, M/s MCS Share Transfer Agent Limited at 178-180, D/SDC Shed, 3rd Floor, Okhla Industrial Area, Phase-I, New Delhi-110020, or directly to the Company Secretary at Plot No. 2-B, Sector-126, Noida-201304.

The document was digitally signed by Ankur Jain, Head (Legal) & Company Secretary, on April 22, 2026. For comprehensive details, shareholders can refer to the SEBI Circular available on the company's website at https://www.indiaglycols.com/shareholders-communication/ .

Historical Stock Returns for India Glycols

1 Day5 Days1 Month6 Months1 Year5 Years
+5.75%+13.64%+22.17%+7.70%+58.43%+329.18%

What impact will the one-year lock-in period have on India Glycols' share liquidity and trading volumes once transfers are completed?

How might other listed companies respond if this special window framework proves successful in reducing physical share certificates?

What challenges could arise for shareholders who discover missing documentation during the window period, and will SEBI consider extensions?

More News on India Glycols

1 Year Returns:+58.43%