Key Development
Hon'ble National Company Law Tribunal, Allahabad Bench at Prayagraj pronounced its Order on July 17, 2026, sanctioning the Scheme of Arrangement.
Scheme Details
The Scheme involves demerger among:
- India Glycols Limited (Demerged Company)
- Ennature Bio Pharma Limited (Resulting Company 1)
- IGL Spirits Limited (Resulting Company 2)
The demerger involves:
- Bio Pharma Undertaking into Ennature Bio Pharma Limited
- Spirits and Biofuel Undertaking into IGL Spirits Limited
Legal Framework
The Scheme is pursuant to provisions of Section 230 to 232 of the Companies Act, 2013 and rules framed thereunder.
Procedural Status
This disclosure is in continuation of earlier intimation dated July 3, 2026 (Reference No: IGL/SE/2026-27/22).
The copy of the formal Order will be submitted once uploaded on the website of Hon'ble NCLT.