Jubilant Agri and Consumer Products Limited (JUBLCPL) has received an order dated July 08, 2026, from the Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench, permitting the convening of meetings for its Equity Shareholders and Unsecured Creditors regarding a Scheme of Arrangement for demerger. The NCLT has also dispensed with the requirement of convening meetings for the Secured Creditors of the Company and all meetings for the Resulting Company, Jubilant Agri Solutions Limited (JASL). The demerger scheme, which aims to segregate the Agri Business of JUBLCPL into JASL, received observation letters from NSE and BSE on April 17, 2026. The NCLT's order, received on July 09, 2026, allows the First Motion Application filed in respect of this Scheme of Arrangement. The meetings for JUBLCPL's Equity Shareholders and Unsecured Creditors are scheduled for Saturday, September 05, 2026. The Equity Shareholders meeting will be held at 11:30 AM, and the Unsecured Creditors meeting will commence at 12:30 PM at the Company's Registered Office in Gajraula, Uttar Pradesh. Both meetings will include remote e-voting facilities. The requirement for convening meetings of Secured Creditors for JUBLCPL and all meetings for JASL has been dispensed with, as 100% consent was obtained from Secured Creditors of JUBLCPL and JASL is a wholly-owned subsidiary with no secured or unsecured creditors. The rationale behind the demerger includes capitalizing on the rapid transformation and expansion of the agriculture sector in India, enabling focused management and strategic clarity, providing financial flexibility, unlocking value, segregating risks, and optimizing operational efficiency. The Board of Directors of both companies had unanimously approved the scheme on November 04, 2025. A share entitlement ratio has been established, where 1 equity share of the Resulting Company will be issued for every 1 equity share held in the Demerged Company.
