Jubilant Agri & Consumer Products Limited received an order from the National Company Law Tribunal (NCLT), Allahabad Bench, on October 8, 2026. The order directs the issuance of notices to statutory authorities regarding the proposed demerger scheme involving Jubilant Agri Solutions Limited.

The NCLT passed this order in connection with the second motion petition filed under the Scheme of Arrangement. The tribunal directed that notices be issued to authorities specified in Section 230(5) of the Companies Act, 2013. These authorities are invited to provide their representations, comments, or observations on the scheme.

Procedural Timeline

The company disclosed this development to BSE and NSE on October 9, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The copy of the order was made available on the NCLT website on October 9, 2026.

Demerger Structure

Under the proposed scheme, Jubilant Agri & Consumer Products Limited will act as the Demerged Company. Jubilant Agri Solutions Limited will serve as the Resulting Company. The arrangement involves the transfer of specific undertakings and liabilities from the former to the latter, subject to regulatory approvals.

The NCLT has fixed December 3, 2026 as the next date of hearing for the matter. The company stated that any further information in this connection will be submitted to the stock exchanges in due course.

Regulatory Compliance

This disclosure follows earlier intimations regarding the Scheme of Arrangement. The process is governed by the provisions of the Companies Act, 2013, and requires clearance from various statutory bodies before final sanction. The issuance of notices is a standard procedural step to ensure all relevant government departments and regulators have the opportunity to review the scheme's impact.

Jubilant Agri & Consumer Products unsecured creditors unanimously approved the scheme of arrangement for demerger to create Jubilant Agri Solutions Limited. The resolution passed with 100% support during the NCLT-convened meeting held on September 5, 2026.

This approval follows the near-unanimous backing from equity shareholders, who voted with 99.99% support in a separate meeting held on the same day. The combined approvals clear a critical regulatory hurdle for the corporate restructuring.

Unsecured Creditors Meeting

The meeting for unsecured creditors took place at Bhartiagram, Gajraula, Uttar Pradesh, pursuant to an order dated July 8, 2026, by the National Company Law Tribunal, Allahabad Bench. The tribunal appointed Mr. Deep Chandra Joshi as chairperson and Mr. Saumyam Krishna as alternate chairperson for the proceedings.

The session commenced at 12:30 pm and concluded at 1:25 pm. A total of 24 unsecured creditors attended the meeting in person, satisfying the quorum requirement of five creditors under the Companies Act, 2013. Mr. Anil Kumar served as the scrutinizer for the meeting.

Voting Results

Voting was conducted through physical polling at the venue. Out of a total debt value of ₹1,953.49 crore held by unsecured creditors as on the record date (March 31, 2026), votes representing ₹125.90 crore were polled. This represents a participation rate of 6.44% by value.

All voting creditors cast their votes in favour of the scheme. No votes were cast against the resolution. Promoter and promoter group entities, as well as institutional creditors, did not participate in the voting process.

Key Creditors Supporting the Scheme

The largest single vote came from Jubilant Ingrevia Ltd., which holds a debt claim of ₹6.15 crore, accounting for 48.91% of the total value voted. Other significant supporters included Jubilant Pharmova Ltd. (₹1.18 crore, 9.40%) and Macro Polymer (₹1.28 crore, 10.18%).

Regulatory Compliance

The proceedings complied with Regulation 30 and Regulation 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Hariom Pandey, Company Secretary, signed the summary of proceedings and the scrutinizer's report on behalf of the company.

The combined voting results for both shareholders and creditors have been disclosed to the stock exchanges. The next step involves submitting these results to the NCLT for final approval of the scheme.