India Glycols Limited — Important, 07-11-2024: General Updates

India Glycols Limited has announced the approval for incorporating a wholly-owned subsidiary named IGL Spirits Limited, which will focus on the spirit business. The company plans to initially subscribe to 10,000 equity shares at a face value of ₹10 each, totaling ₹1,00,000. The subsidiary will be related to the company upon share allotment. Further details regarding turnover and specific regulations are not applicable at this stage.