India Glycols Limited Unsecured Creditors Approve Scheme of Arrangement
India Glycols Limited announced that a meeting of its unsecured creditors convened on March 24, 2026, approved a scheme of arrangement among India Glycols Limited, Ennature Bio Pharma Limited, and IGL Spirits Limited. The meeting, held virtually to consider and approve the Scheme of Arrangement, was conducted in compliance with directions from the Hon'ble National Company Law Tribunal, Allahabad Bench, Prayagraj.A total of 27 unsecured creditors attended the meeting. The resolution was approved with 64,266,50,041 votes in favor, representing 100% of the votes polled. The total outstanding amount of unsecured creditors as of the cut-off date of November 15, 2025, was 1,12,010.63 Lakh.
The voting process, which included remote e-voting and e-voting during the meeting, was conducted through the National Securities Depository Limited (NSDL) platform. Sumit K.B. Agrawal & Co., Chartered Accountants, served as the scrutinizer for the voting process.
| Item No. | Details of the Resolution/Agenda Item | Resolution required |
|---|---|---|
| 1 | To consider and, if thought fit, to approve with or without modification(s) the Scheme of Arrangement amongst India Glycols Limited ('Demerged Company') and Ennature Bio Pharma Limited ('Resulting Company 1') and IGL Spirits Limited ('Resulting Company 2') and their respective shareholders ('Scheme'), under Sections 230 to 232 of the Companies Act, 2013. | Requisite Majority |
The information regarding the outcome of the meeting is also available on the company’s website at www.indiaglycols.com.
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