Intimation of date and time of Court Convened Meeting of Shareholders and Unsecured Creditors of the Company for their requisite approval on the proposed Scheme of Arrangement for Demerger amongst Km Sugar Mills Limited ('Demerged Company/The Company') and K m Spirits and Allied Industries Limited (Resulting Company)
KMSUGAR · price
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K.M. Sugar Mills Limited has announced the schedule for Court Convened Meetings to seek shareholder and unsecured creditor approval for a proposed Scheme of Arrangement for Demerger. The meetings are scheduled for May 30, 2026 (Saturday) - Equity Shareholders at 11:00 AM and Unsecured Creditors at 12:30 PM. The demerger involves transfer of the company's sugar business to KM Spirits and Allied Industries Limited (the Resulting Company). The NCLT Allahabad Bench had issued an order on March 24, 2026 directing these meetings, and the secured creditors' meeting has been dispensed with. Notices for the meetings will be circulated separately.
The announcement indicates the demerger process is progressing through regulatory stages. Shareholders and unsecured creditors should prepare to vote on the proposed demerger, which will restructure the company's business operations. The outcome could impact the company's listing status and shareholder value.