Jubilant Agri gets NSE, BSE nod for Demerger Scheme
Jubilant Agri and Consumer Products Ltd has received "No objection - Observation Letters" from both NSE and BSE on April 17, 2026, for its Scheme of Arrangement for Demerger. This scheme involves the demerger of Jubilant Agri and Consumer Products Limited (Demerged Company) into Jubilant Agri Solutions Limited (Resulting Company). The observation letters were issued under Regulation 37 of the Listing Regulations. The company had previously intimated the approval of this scheme on November 04, 2025. The demerger remains subject to further necessary approvals, including those from shareholders, creditors, the National Company Law Tribunal (NCLT), and other regulatory/statutory bodies. SEBI has also provided comments on the draft scheme, outlining various disclosure requirements that the company must fulfill before seeking NCLT and shareholder approvals.
Key Highlights
- Jubilant Agri received 'No objection - Observation Letters' from NSE and BSE on April 17, 2026.
- The letters pertain to the Scheme of Arrangement for Demerger under Regulation 37.
- The demerger involves Jubilant Agri and Consumer Products and Jubilant Agri Solutions.
- The scheme is still subject to approvals from shareholders, NCLT, and other regulators.
- SEBI has issued specific disclosure requirements for the scheme to be presented to NCLT and shareholders.