India Glycols has re-designated Ms. Pragya Bhartia Barwale from Whole Time Director and Key Managerial Person to Non-Executive Non-Independent Director, effective from the closure of business hours on August 12, 2026.

The Board of Directors approved the change during its meeting held on August 12, 2026. The meeting commenced at 3:45 pm and concluded at 4:50 pm.

Ms. Barwale is now liable to retire by rotation. The company confirmed that she is not debarred from holding the office of Director under any SEBI order or other authority.

Key Details

The disclosure was made in pursuance of Regulation 30 and Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

India Glycols Limited’s wholly owned subsidiary, IGL Spirits Limited (IGSL), has appointed Manoj Kumar Rai as Additional Director in the category of Executive Director and Key Managerial Personnel. Designated as Executive Director and Chief Operating Officer, Rai’s appointment takes effect from August 4, 2026, strengthening the leadership team of the spirits arm amid an ongoing Scheme of Arrangement with Ennature Bio Pharma Limited. The move addresses regulatory observations regarding corporate governance and executive oversight within the subsidiary structure.

The Board of Directors of IGL Spirits Limited approved the appointment at its meeting held on August 4, 2026. The role carries a term of five consecutive years, extending until August 3, 2031, subject to shareholder approval. This disclosure follows earlier intimation on July 2, 2026, where Rai was identified as Chief Operating Officer, now formalizing his elevation to the board level as an Executive Director.

Appointment Details

The company affirmed that Rai is not debarred from holding office by any SEBI order or other authority, in compliance with BSE Circular LIST/COMP/14/2018-19 and NSE Circular NSE/CML/2018/24 dated June 20, 2018.

Profile of Manoj Kumar Rai

Manoj Kumar Rai, aged 53, brings over 27 years of experience across engineering, consumer goods, entertainment, and alcoholic beverages sectors. His expertise spans business strategy, P&L management, commercial excellence, and business transformation. He holds a Postgraduate Diploma in Business Management from the Indian Institute of Management, Lucknow, and a Bachelor of Technology from the Indian Institute of Technology, Delhi.

His immediate previous role was Chief Revenue Officer at Allied Blenders and Distillers Limited. Prior to that, he served with Pernod Ricard India, Marico Industries, and Saregama India, among others.

Regulatory Context

This update pertains to the Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013, involving India Glycols Limited, Ennature Bio Pharma Limited, and IGL Spirits Limited. The disclosure responds to Observation Letters from the National Stock Exchange of India Limited (NSE/LIST/48932 dated November 17, 2025) and BSE Limited (DCS/AMAL/TS/R37/3905/2025-26 dated November 19, 2025). It also aligns with SEBI Master Circular No. HO/4911 411 4(7)2025-CFD-POD211 13762/2026 dated January 30, 2026 (as amended). Ankur Jain, Head (Legal) & Company Secretary of India Glycols Limited, signed the communication on August 4, 2026.