India Glycols

Ennature Bio Pharma, the biopharma entity separated from India Glycols, approved the allotment of 2,23,42,255 fully paid-up shares of ₹5 each to eligible India Glycols shareholders in a 1:3 ratio. The allotment followed the 2 September record date under the demerger scheme, and the shares ranked pari passu with Ennature’s existing equity. The company also approved an information memorandum for applications to the stock exchanges for listing and trading approval. It appointed Ajay Sharma as chief financial officer and key managerial personnel, Preeti Choudhary as company secretary and compliance officer, and two audit firms for secretarial and internal audit roles. Mukesh Agarwal & Co was appointed secretarial auditor for five years subject to shareholder approval, while S.S. Kothari Mehta & Co LLP was appointed internal auditor for FY27.

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IGL Spirits allotted 6,70,26,765 fully paid equity shares of ₹5 each in a 1:1 ratio to eligible India Glycols shareholders whose names appeared on the register as of 2 September. The allotment formed part of the scheme of arrangement involving India Glycols, IGL Spirits and Ennature Bio Pharma. The scheme had taken effect on 1 September, separating the spirits and biopharma businesses from the residual chemicals company. IGL Spirits approved an information memorandum for applications to list and obtain trading approval for the allotted shares. It also appointed Naresh Kumar Agrawal as chief financial officer and Ishan Khanna as company secretary and compliance officer, and named MAKS & Co. as secretarial auditor and S.S. Kothari Mehta & Co. LLP as internal auditor.

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India Glycols set 1 September 2026 as the effective date for its scheme of arrangement with Ennature Bio Pharma and IGL Spirits, subject to filing the NCLT order with the Registrar of Companies. It set 2 September 2026 as the record date for determining shareholders eligible for shares in the two resulting companies. Ennature will issue one ₹5 share for every three India Glycols shares, while IGL Spirits will issue one ₹5 share for every share held; the proposed shares will be listed on the NSE and BSE subject to regulatory approvals. The arrangement separated the businesses into chemicals, glycols and gases; spirits and bio-fuels; and biopharma and polymers. India Glycols reported FY26 net revenue of ₹4,211 crore and EBITDA of ₹654 crore, while consolidated EBITDA in the June quarter was ₹170 crore.

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India Glycols Ltd. received a significant boost as the National Company Law Tribunal, Allahabad Bench, approved its demerger scheme on July 17, 2026. The scheme involves the separation of the bio-pharma undertaking into Ennature Bio Pharma Ltd. and the spirits and biofuel undertaking into IGL Spirits Ltd. The approval marks the final regulatory milestone for the restructuring, which was originally announced earlier. The company stated that the copy of the order would be submitted upon its upload on the NCLT website.

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March 17 (Reuters) - India Glycols Ltd IGLY.NS:

• DECLARED INTERIM DIVIDEND OF 7.5 RUPEES PER SHARE

Source text: ID:nBSE7lsdlZ

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March 13 (Reuters) - India Glycols Ltd IGLY.NS:

• APPELLATE AUTHORITY PARTIALLY ALLOWED CO’S APPEAL AND UPHELD TAX DEMAND ORDER

• DEMAND FOR PENALTY OF 410 MILLION RUPEES, REDEMPTION FINE OF 1.92 BILLION RUPEES SET ASIDE

Source text: ID:nBSE4fDFcV

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Oct 13 (Reuters) - India Glycols Ltd IGLY.NS:

• TO CONSIDER ISSUANCE OF EQUITY SHARES/CONVERTIBLE SECURITIES

Source text: ID:nBSE2nkpMg

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Sept 22 (Reuters) - India Glycols Ltd IGLY.NS:

• INDIA GLYCOLS LTD - APPROVED SPLIT OF 1 EQUITY SHARE EACH INTO 2 SHARES

Source text: ID:nNSEb0p1qK

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Aug 7 (Reuters) - India Glycols Ltd IGLY.NS:

• JUNE-QUARTER CONSOL NET PROFIT 732.5 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 25.03 BILLION RUPEES

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May 27 (Reuters) - India Glycols Ltd IGLY.NS:

• INDIA GLYCOLS LTD - TO CONSIDER SUB-DIVISION/SPLIT OF EXISTING EQUITY SHARES

Source text: ID:nBSEbzs1ZT

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May 16 (Reuters) - India Glycols Ltd IGLY.NS:

• RE-APPOINTS U.S. BHARTIA AS CHAIRMAN & MANAGING DIRECTOR FOR 5 YEARS

Source text: ID:nNSE1qBSMv

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** Shares of chemical company India Glycol IGLY.NS rise 3.1% to 1143.9 rupees

** Co says it has added capacity of 200 kilo liters per day (KLPD) for its grain-based distillery including biofuel ethanol at its plant at Gorakhpur in the state of Uttar Pradesh

** The total capacity at Gorakhpur plant stands at 310 KLPD; this increase is likely to result in higher production and sales

** Stock trims YTD declines to 11%

(Reporting by Bharath Rajeswaran in Bengaluru)

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** India Glycols IGLY.NS climbs 2% to 1,180.55 rupees

** Chemicals maker gets order worth 12.64 bln rupees ($146 mln) to supply ethanol to BPCL BPCL.NS, HPCL HPCL.NS, IOC IOC.NS and Reliance Industries RELI.NS

** Trading volume at 1.5x the 30-day moving avg

** Stock gained 67% in 2024

($1 = 86.8000 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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Feb 19 (Reuters) - India Glycols Ltd IGLY.NS:

• INDIA GLYCOLS LTD - ALLOCATED 180.6 MILLION LITERS OF ETHANOL SUPPLY THROUGH TENDER

• INDIA GLYCOLS - ESTIMATED VALUE AGGREGATING TO 12.64 BILLION RUPEES UNDER ETHANOL BLENDED PETROL PROGRAMME

Source text: ID:nBSE46pnW4

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Feb 4 (Reuters) - India Glycols Ltd IGLY.NS:

• DEC-QUARTER CONSOL NET PROFIT 568.1 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 24.24 BILLION RUPEES

Source text: ID:nBSE6mMJq2

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Jan 23 (Reuters) - India Glycols Ltd IGLY.NS:

• GETS GST ORDER DISALLOWING ITC, DEMANDS RECOVERY OF 11.6 MILLION RUPEES

• GETS GST ORDER WITH PENALTY OF 11.6 MILLION RUPEES

Source text: ID:nBSE7kDbMK

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Dec 3 (Reuters) - nitIndia Glycols Ltd IGLY.NS:

• INDIA GLYCOLS - ACQUISITION OF 3.8 MILLION SHARES BY KASHIPUR HOLDINGS REPRESENTING 12.21% STAKE OF CO

Source text: ID:nNSE6qMmpP

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** Shares of India Glycols IGLY.NS rise 4.4% to 1,150.7 rupees, set to snap five sessions of decline

** Chemicals co said on Wednesday it taps into premium alcoholic beverage market by partnering with Amrut Distilleries

** Deal to make, distribute and sell select Amrut brands in premium segment across markets in North India

** IGLY did not provide any financial details

** Stock up 51% YTD, eyes best yearly gain since 2021

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 7 (Reuters) - India Glycols Ltd IGLY.NS:

• INDIA GLYCOLS LTD SEPT-QUARTER PROFIT 394.5 MILLION RUPEES

• INDIA GLYCOLS LTD SEPT-QUARTER REVENUE FROM OPERATIONS 21.44 BILLION RUPEES

Source text: ID:nBSE753BmX

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** Shares of India Glycols IGLY.NS rise 7.7% to 1,322 rupees

** Co said it has enhanced production capacities at facilities in the states of Uttarakhand and Uttar Pradesh

** Stock eyes a third straight session of gains

** IGLY gained ~39% in Sept-qtr, marking its biggest qtrly gain since June 2021, rose ~74% YTD

(Reporting by Yagnoseni Das in Bengaluru)

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** Shares of India Glycols IGLY.NS rise 4.5% to 1,313 rupees

** Co inks a deal with Amrut Distilleries Pvt Ltd to make and sell five liquor brands of Amrut on royalty basis, but failed to provide details on the partnership timeline

** India Glycols did not provide any financial info as well

** Co did not immediately respond to Reuters' request for further details

** Trading vols more than 242,000 shares vs 30-day avg of ~225,000 shares

** IGLY stock has jumped 71%, YTD

(Reporting by Hritam Mukherjee in Bengaluru)

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July 29 (Reuters) - India Glycols Ltd IGLY.NS:

• JUNE-QUARTER CONSOL NET PROFIT 603.8 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 22.83 BILLION RUPEES

Source text for Eikon: ID:nBSEzkyXL

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** Shares of chemicals maker India Glycols IGLY.NS rises 3.3% to 1,053.05 rupees, on track for seventh gaining session

** IGLY's measures including ethanol capacity addition, divestment of stake in non-core businesses to help manage cash-flows better, says Nuvama

** Brokerage starts coverage on IGLY with "buy" and PT of 1,365 rupees, per LSEG

** Nuvama second brokerage to start coverage on IGLY after Arihant Capital Markets, which also rates it "buy", per LSEG

** Expects healthy growth momentum on increase in supply of Indian-made foreign liquor in four more states after Uttarakhand and Uttar Pradesh

** Price hikes taken in country liquor Q4FY24 onwards to also boost growth - Nuvama

** Stock up 37% YTD after a flat 2023

(Reporting by Kashish Tandon in Bengaluru)

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June 28 (Reuters) - India Glycols Ltd IGLY.NS:

• SECOND PHASE OF EXPANSION OF BIO-FUEL ETHANOL PLANT AT KASHIPUR IN PROGRESS, EXPECTED TO BE COMMISSIONED BY Q2/FY25

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** Shares of India Glycols IGLY.NS down 1% to 839.35 rupees, trimming some losses after falling as much as 4.3%

** Chemicals maker says it received order for customs duty demand of 334.3 mln rupees ($4 million) and penalty of 820 mln rupees ($9.9 million) under India's customs act

** Stock on track to fall for third straight session, if trend holds

** Stock up ~11% so far in April after two straight monthly falls

($1 = 83.2175 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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April 9 (Reuters) - India Glycols Ltd IGLY.NS:

• GETS ORDER FROM ADDITIONAL COMMISSIONER, NOIDA CUSTOMS COMMISSIONERATE FOR DEMAND AT 334.3 MILLION RUPEES

• GETS ORDER IMPOSING PENALTY OF 820 MILLION RUPEES UNDER THE CUSTOMS ACT, 1962

Source text for Eikon: ID:nBSE6DcP8l

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March 7 (Reuters) - India Glycols Ltd IGLY.NS:

• ADDED FURTHER CAPACITY OF 270 KLPD TO EXISTING BIO-FUEL ETHANOL PLANT AT KASHIPUR

• ENHANCED CAPACITY OF BIO-FUEL ETHANOL PLANT AT KASHIPUR NOW STANDS AT 410 KLPD

• BIO-FUEL ETHANOL PLANT AT KASHIPUR FULLY COMMISSIONED

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Feb 2 (Reuters) - India Glycols Ltd IGLY.NS:

• INDIA GLYCOLS DEC-QUARTER CONSOL NET PROFIT 416.3 MILLION RUPEES VERSUS 307.3 MILLION RUPEES

• INDIA GLYCOLS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 21.19 BILLION RUPEES VERSUS 15.24 BILLION RUPEES

Source text for Eikon: ID:nBSE6v0PJl

Further company coverage: IGLY.NS

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Dec 26 (Reuters) - India Glycols Ltd IGLY.NS:

• ADDED FURTHER CAPACITY OF 100 KLPD TO EXISTING GRAIN BASED DISTILLERY AT KASHIPUR PLANT

• REVISED CAPACITY OF GRAIN BASED DISTILLERY AT KASHIPUR PLANT IS 400 KLPD AND IS FULLY COMMISSIONED

Further company coverage: IGLY.NS

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