India Glycols Limited — Important, 03-12-2024: Updates

Kashipur Holdings Limited has increased its stake in India Glycols Limited by acquiring 37,79,819 equity shares, representing 12.21% of the total paid-up capital. This acquisition is part of a Composite Scheme of Arrangement approved by the National Company Law Tribunal in Kolkata, effective from 2nd December 2024. In parallel, several promoter group entities have offloaded shares: Ajay Commercial Co. Private Limited (6,11,255 shares, 1.97%), Facit Commosales Private Limited (10,57,853 shares, 3.42%), JB Commercial Company Private Limited (9,77,915 shares, 3.16%), J Boseck & Co. Private Limited (8,64,401 shares, 2.79%), Lund & Blockley Private Limited (500 shares), and Supreet Vyapaar Private Limited (2,67,895 shares, 0.87%). Following these transactions, Kashipur Holdings now holds a total of 1,55,88,291 equity shares, amounting to 50.35% of the company's paid-up capital, indicating a strengthened position for the promoter group.