India Glycols Limited announced receiving interim dividend from its joint venture Clariant IGL Specialty Chemical Private Limited on March 17, 2026. The company disclosed this development under Regulation 30 of SEBI Listing Regulations as a material business update.

Joint Venture Dividend Declaration

Clariant IGL Specialty Chemical Private Limited declared an interim dividend of ₹36,000 per equity share of face value ₹10 each. This represents a dividend rate of 3600%, indicating substantial profitability of the joint venture operations.

Shareholding Structure and Dividend Receipt

India Glycols holds a combined 49% shareholding in the joint venture through two entities. The company directly owns 45.37% stake, while its wholly owned subsidiary holds the remaining 3.63% shareholding.

Financial Impact

The interim dividend receipt represents a significant cash inflow for India Glycols Limited. The company received ₹32.40 crore net of tax deducted at source, while the gross amount stood at ₹36 crore. Similarly, the wholly owned subsidiary received ₹2.59 crore net from a gross dividend of ₹2.88 crore.

This dividend distribution from the joint venture reflects the strong operational performance of Clariant IGL Specialty Chemical Private Limited and provides additional liquidity to India Glycols Limited for its business operations and growth initiatives.

India Glycols Limited has received partial relief from the Commissioner (Appeals), Noida in a customs duty dispute case. The company disclosed the appellate order details under Regulation 30 of SEBI Listing Regulations on 13th March 2026.

Appellate Order Details

The Commissioner (Appeals), Noida issued an order dated 27th February 2026, which was received by the company on 12th March 2026. This order addressed the appeal filed by India Glycols Limited against the original order passed by Additional Commissioner, Noida Customs Commissionerate, Uttar Pradesh on 22nd March 2024.

Financial Impact and Relief Obtained

The appellate authority partially allowed the company's appeal, resulting in significant relief from the original demands. The original order had confirmed a duty short payment of Rs. 33.43 crore along with applicable interest, imposed a penalty, and demanded a redemption fine under the Customs Act, 1962.

The appellate order has resulted in a substantial reduction in the total demand against the company, providing significant financial relief through the penalty reduction and complete waiver of the redemption fine.

Company's Response and Future Course

Based on the company's assessment and advice from legal counsel, India Glycols Limited believes it has a strong case on merit. The company has indicated its intention to file a second appeal against the demand for duty, interest, and penalty that was confirmed by the appellate authority.

The company has stated that it does not reasonably anticipate any material impact on its financial, operational, or other activities from this matter. This disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024, and the details have been hosted on the company's website at www.indiaglycols.com .