India Glycols Limited Update on Scheme of Arrangement Proceedings
India Glycols Limited received an order from the National Company Law Tribunal (NCLT) regarding its Scheme of Arrangement. The proceedings concern the arrangements among India Glycols Limited, Ennature Biopharma Limited, and IGL Spirits Limited.The NCLT, in its order dated April 9, 2026, admitted the Second Motion Petition filed under Sections 230 to 232 of the Companies Act, 2013. The Tribunal further directed actions including making newspaper publications and issuing notices to specified authorities.
The order stipulated that notices must be sent to several authorities, requiring them to submit any representations within thirty days from the date of notice receipt.
Key details from the NCLT order include:
- Petition Filed: Second Motion Petition (CP (CAA) No.07/ALD/2026 IN CA (CAA) No.36/ALD/2025) under Sections 230-232 of the Companies Act, 2013.
- Parties Involved:
* Petitioner No. 2 / Resulting Company No. 1: Ennature Biopharma Limited.
* Petitioner No. 3 / Resulting Company No. 2: IGL Spirits Limited.
* Hearing Date: The matter is listed for further proceedings on May 21, 2026.
The Tribal proceeding detailed the need for notice issuance to statutory authorities. The order specified mandatory publication in national daily newspapers, namely Business Standard (English) and Amar Ujala (Hindi), in the Nainital Edition.
Company Details
India Glycols Limited's corporate details include:| Detail | Information |
|---|---|
| Corporate Office | 3A, Shakespeare Sarani, Kolkata - 700071 |
| Works & Registered Office | A-1, Industrial Area, Bazpur Road, Kashipur - 244713, Distt. Udham Singh Nagar (Uttarakhand) |
| Certifications | ISO 9001, ISO 14001, ESO 45001, ISO 50001 |
| Noida Office | Plot No. 2-B, Sector - 126, NOIDA-201304, Distt. Gautam Budh Nagar (Uttar Pradesh) |
The company's primary contact information provided includes multiple phone, fax, email, and website addresses associated with its various offices.
INDIAGLYCO Stock Price Movement
Today, India Glycols Limited shares climbed to close at ₹926.15, posting a 2.58% gain. The stock saw activity on a total volume of 105,989 shares during the trading session.Source:
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