India Glycols Ltd — Board/Management Information 2024

Feb 2, 2024

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2[nd] February, 2024

The Manager (Listing) The Manager (Listing) BSE Limited National Stock Exchange of India Limited 1[st] Floor, New Trading Ring, Exchange Plaza, C-1, Block G, Rotunda Building, P.J. Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai- 400 051

Scrip Code: 500201 Symbol: INDIAGLYCO

Dear Sirs,

Sub: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)

In pursuance to Regulation 30 and Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that the Board of Directors of the Company in its meeting held today i.e. 2[nd] February, 2024 has, inter-alia, considered and approved the followings: -

1. Appointment of Shri Ravi Kumar (DIN: 02362615) as an Additional Director in the category of independent director of the Company, on the recommendation of the Nomination & Remuneration Committee, for a period of 5 (Five) years w.e.f. 2[nd] February, 2024 till 1[st] February, 2029, subject to the approval of Members of the Company.

It is affirmed that Shri Ravi Kumar is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority in terms of BSE Circular LIST/COMP/14/2018-19 and NSE Circular NSE/CML/2018/24 dated, 20[th] June, 2018.

The Company would seek approval of its members, details whereof shall be intimated in due course.

The details as required under SEBI Listing Regulations and SEBI Circular SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated 13[th] July, 2023 are enclosed herewith as Annexure A .

2. Enhancement of 1) Grain based distillery capacity at Gorakhpur Plant (Uttar Pradesh) and 2) Bio-Fuel Ethanol capacity at Gorakhpur (Uttar Pradesh) and Kashipur (Uttarakhand) Plants.

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The details as required under SEBI Listing Regulations and SEBI Circular SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated 13[th] July, 2023 are as follows:-

S. No.	Particulars	Grain based distillery Plant (Gorakhpur)	Bio-Fuel Ethanol Plant	Bio-Fuel Ethanol Plant
			Gorakhpur	Kashipur
1.	Existing capacity	110 KLPD	100 KLPD	140 KLPD
2.	Existing capacity utilization	100%	100%	100%
3.	Proposed capacity addition	180 KLPD	90 KLPD	450 KLPD
4.	Period within which the proposed capacity is to be added	Q2/FY 25	Q2/FY 25	270 KLPD (Q4/FY 24) 180 KLPD (Q1/FY 25)
5.	Investment required	Rs. 133 Crore (approx.)	Rs. 4 Crore (approx.)	Rs. 10 Crore (approx.)
6.	Mode of financing	Internal accruals and Bank financing	Internal accruals and Bank financing	Internal accruals and Bank financing
7.	Rationale	Increase in demand of ethanol and captive requirements.	Increase in demand of ethanol.	Increase in demand of ethanol.

The above said Board Meeting commenced at 15:54 Hrs. and concluded at 17:04 Hrs.

This is for your information and record.

Thanking you,

Yours truly, For India Glycols Limited ANKUR Digitally signed by ANKUR JAIN JAIN Date: 2024.02.02 17:10:32 +05'30' Ankur Jain Head (Legal) & Company Secretary Encl: A/a

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Annexure A

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Sl. Particulars Shri Ravi Kumar
No.
1 Reason for Appointed as an Additional Director (Independent Director)
change
2 Date of 2 [nd] February, 2024 and appointed for a period of 5 (Five) years
appointment w.e.f from 2 [nd] February, 2024 till 1 [st] February, 2029 subject to the
& Term of approvals of the Members of the Company.
appointment
3 Brief profile Shri Ravi Kumar, aged about 62 years (D.O.B.: 15 [th] April, 1961), is a
seasoned banker with over 3 decades of experience with deep
understanding of entire credit cycle including corporate banking,
project financing, business development, credit appraisal, credit
delivery, credit monitoring, credit risk assessment, stress asset
management.
He was part of the top management of IDBI Bank Ltd. (“IDBI”) till
April 2021, when he superannuated as Executive Director and was
managing the loan portfolio of Large and Mid-corporates of the
Bank. The role and responsibilities included leading, strategizing,
directing, controlling, monitoring and overseeing all facets of the
large/mid corporate portfolio of the Bank. He handled relationships
of various large groups, sectors and industries. During his career
spanning over a period of 30 years with IDBI Bank, he has worked in
leadership position at various locations in different departments of
the Bank with diversified roles and responsibilities including the
assignment of the Chief Executive Officer of the only Overseas
Branch of the Bank at DIFC, Dubai, UAE. He was also member of
various committee(s) of the Bank during his stint with IDBI Bank.
Shri Ravi Kumar is a Certified Associate of Indian Institute of Bankers
(CAIIB) and has completed his MBA in Financial Management, Post
Graduation in Public Administration and Graduation in Economics.
4 Disclosure of Nil
relationships
between
directors
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