The National Company Law Tribunal (NCLT), Allahabad Bench, has approved the first motion application for the demerger of the Agri Business of Jubilant Agri and Consumer Products Limited into its wholly owned subsidiary, Jubilant Agri Solutions Limited. The order, dated July 08, 2026, sanctions the Scheme of Arrangement and directs the convening of meetings for equity shareholders and unsecured creditors of the demerged company to approve the proposal. This restructuring aims to unlock shareholder value by enabling focused management and strategic clarity for the distinct business verticals of performance polymers and agri-products.

The Tribunal has dispensed with the requirement to convene meetings for the secured creditors of the demerged company, noting that 100% of the secured creditors by value have provided their consent via affidavits. Additionally, meetings for the equity shareholders, secured creditors, and unsecured creditors of the resulting company, Jubilant Agri Solutions Limited, have been dispensed with. The resulting company is a wholly owned subsidiary with only eight equity shareholders, all of whom have consented to the scheme, and it holds no secured or unsecured creditors.

Meeting Schedule and Procedures

The NCLT has scheduled the meetings for the equity shareholders and unsecured creditors of Jubilant Agri and Consumer Products Limited for Saturday, September 5, 2026. The equity shareholders' meeting will commence at 11:30 A.M., followed by the unsecured creditors' meeting at 12:30 P.M. Both meetings will be held at the company's registered office in Bhartiagram, Gajraula, Uttar Pradesh. The meeting for unsecured creditors is restricted to those with an outstanding debt exceeding ₹1,00,000 as on March 31, 2026, which totals 434 creditors holding an aggregate debt of ₹194,32,45,777.

Remote e-voting facilities will be provided to the equity shareholders in addition to the poll conducted at the venue. Mr. Deep Chandra Joshi, Former Acting President, NCLT, has been appointed as the common Chairperson for the meetings, with Mr. Saumyam Krishna as the Alternate Chairperson and Mr. Anil Kumar as the common Scrutinizer. The company has been directed to publish advertisements regarding the meetings in "Hindustan Times" (English) and "Hindustan" (Hindi) at least 30 clear days prior to the meeting dates.

Scheme Details and Approvals

The Scheme of Arrangement stipulates a share entitlement ratio of 1:1, wherein shareholders of the demerged company will receive one fully paid-up equity share of ₹10 each in Jubilant Agri Solutions Limited for every share held in Jubilant Agri and Consumer Products Limited. The appointed date for the arrangement will be the effective date approved by the NCLT. Upon the scheme becoming effective, the demerged company will change its name to "Jubilant Industries Limited" without adding its former name as a suffix.

The order confirms that the Competition Commission of India (CCI) approval is not required for this combination. The applicant companies must obtain necessary approvals from the Central Government, Registrar of Companies, Securities and Exchange Board of India (SEBI), and the stock exchanges. The second motion petition is to be filed within seven days from the submission of the Chairperson's report following the meetings.

Jubilant Agri & Consumer Products Ltd has scheduled a meeting with analysts and institutional investors on June 23, 2026, in Mumbai. The management will engage with the investor group in person to discuss business matters, adhering to regulatory disclosure norms.

The meeting is being conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company specified that no presentation will be made during the interaction. Furthermore, the management clarified that no unpublished price sensitive information will be shared with the attendees.

The schedule for the meeting is detailed below:

The company noted that the date and time of the meeting are subject to change due to exigencies on the part of the investors or the company. This intimation has been made available on the company's official website.