NCLT Allahabad Bench approved India Glycols Ltd's demerger scheme into Ennature Biopharma and IGL Spirits, directing procedural notices.
The Tribunal ordered newspaper publications in Business Standard and Amar Ujala and notices to regulatory authorities for representations.
The matter is listed for further hearing on 21st May 2026, pending regulatory approvals and representations.
The demerger scheme was approved by shareholders and unsecured creditors as per earlier NCLT orders.