Distillery demerger effective; KM Spirits ceases to be subsidiary

Demerger Ratio AnnouncedCore Business DivestedStrategic Transactions View source PDF Explain this filing

KMSUGAR · price

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Price reactionminutes from the announcement price · days from the prior close

+3.9%Reaction day

₹27.40

prior close

₹27.27

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+3.8% vs market

Sugar peers, median of 27sector+1.2%+2.7% vs sector

On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 2.7 pts more than its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.7

10m

+2.7

15m

+3.4

30m

+4.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.9+0.2+3.8+1.2+2.7

Next day

+4.2+0.9+3.3+1.6+2.6

+3.0-0.8+3.8-0.3+3.3

+4.0-0.1+4.1+0.2+3.8

+14.7-1.7+16.4-2.9+17.7

+18.1-4.3+22.4-4.4+22.5

+5.3-7.5+12.8-10.0+15.3

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Sugar peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

KM Sugar Mills' Distillery Division has been demerged into KM Spirits and Allied Industries Limited via a Scheme of Arrangement effective October 12, 2026. KM Spirits allotted 1.84 crore equity shares of Rs 10 each to eligible shareholders (record date Oct 2, 2026). KM Sugar Mills no longer holds any stake, and KM Spirits will apply for separate listing.

Likely market impact

Spinoff creates a separately listed distillery entity; KM Sugar shareholders get KM Spirits shares too, expanding their holdings.