This disclosure is a regulatory filing under SEBI Listing Regulation 30, informing the exchanges that India Glycols Limited has received the certified true copy of the National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj's order dated 17th July 2026. This order sanctions the Scheme of Arrangement involving the company.

The Scheme is among India Glycols Limited (the "Demerged Company"), Ennature Bio Pharma Limited ("Resulting Company 1"), and IGL Spirits Limited ("Resulting Company 2") and their respective shareholders and creditors. It was approved under Sections 230 to 232 of the Companies Act, 2013.

The company had previously intimated the exchanges about the NCLT's approval vide letter dated 20th July 2026 (Ref: IGL/SE/2026-27/25). The certified copy of this order was received by the company on 20th August 2026.

Key Details of the Sanctioned Scheme

  • Appointed Date: The scheme is effective from an Appointed Date of 1st April 2026.
  • Effective and Record Date: The Effective Date of the Scheme and the Record Date will be determined later by the Boards of Directors of all involved companies, in accordance with the terms of the Scheme.

Specifics of the Demerger

1. Demerger of Biopharma Undertaking to Ennature Bio Pharma Ltd (Resulting Co. 1):

  • The Biopharma Undertaking, with all its rights and obligations, will transfer to and vest in Ennature Bio Pharma Ltd as a going concern.
  • All pending proceedings and tax liabilities (Income Tax, GST, etc.) relating specifically to this undertaking will be transferred to and continued against Resulting Company 1.
  • All employees engaged in this undertaking will transfer to Resulting Company 1 with effect from the Effective Date, without interruption of service and on terms no less favourable.
  • Share Allotment: Resulting Company 1 will issue and allot 1 (one) equity share of ₹5 each to the shareholders of India Glycols for every 3 (three) equity shares of ₹5 each held in India Glycols on the Record Date. The existing shares held by India Glycols in Ennature will stand cancelled.

2. Demerger of Spirits and Biofuel Undertaking to IGL Spirits Ltd (Resulting Co. 2):

  • The Spirits and Biofuel Undertaking, with all its rights and obligations, will transfer to and vest in IGL Spirits Ltd as a going concern.
  • All pending proceedings and tax liabilities relating specifically to this undertaking will be transferred to and continued against Resulting Company 2.
  • All employees engaged in this undertaking will transfer to Resulting Company 2 with effect from the Effective Date, without interruption of service and on terms no less favourable.
  • Share Allotment: Resulting Company 2 will issue and allot 1 (one) equity share of ₹5 each to the shareholders of India Glycols for every 1 (one) equity share of ₹5 each held in India Glycols on the Record Date. The existing shares held by India Glycols in IGL Spirits will stand cancelled.

3. Remaining Business: The remaining business, assets, liabilities, and obligations of India Glycols will continue to belong to and be vested in India Glycols.

Tax and Regulatory Provisions

  • The NCLT order explicitly states it does not grant any exemption from payment of taxes (Income Tax, GST, or any other levy).
  • The Income Tax Department is permitted to retain recourse for recovery against the assets transferred under the Scheme for any demands or future liabilities of the Demerged Company.
  • The respective Resulting Companies are responsible for paying any tax liability of the Demerged Company relating to their respective demerged undertaking, pending or determined after the Appointed Date (1st April 2026).
  • The Resulting Companies cannot object to tax notices pertaining to the period prior to the Appointed Date.
  • Assessments will be under Section 314(2) of the Income Tax Act, 2025. The companies must file any modified income tax returns required by the Scheme within six months from the end of the month of this order (i.e., by 31st January 2027).
  • All benefits, incentives, concessions, licenses, approvals, permits, and registrations pertaining to the demerged undertakings will stand transferred to the respective Resulting Companies.

Compliance Directives from NCLT

  • The Petitioner Companies must supply legible printouts of the Scheme and Schedules of Assets to the NCLT registry within three weeks of the order (by 7th August 2026).
  • A certified copy of the order must be delivered to the Registrar of Companies (RoC), Uttarakhand, for registration within thirty days of its receipt.
  • The Resulting Companies must file revised Memorandums and Articles of Association, if any, with the RoC and pay any differential fee for authorized capital enhancement.