Announced Sat, 19 Sept · 11:43 IST
K.M. Sugar Mills fixes Oct 1 effective date for Distillery Division demerger
KMSUGAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹28.66
prior close
₹28.86
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.6-1.3-0.8-0.7——————————
Up moveDown movePending
AI summary
NCLT Allahabad has sanctioned the demerger of the Distillery Division of K.M. Sugar Mills into KM Spirits and Allied Industries. Effective date is October 1, 2026 and record date is October 2, 2026. Shareholders will get 1 equity share of face value Rs 10 in KM Spirits for every 5 equity shares of face value Rs 2 held in K.M. Sugar Mills. The shares of KM Spirits will be listed on NSE and BSE subject to approvals.
Likely market impact
Eligible shareholders get 1 new share of KM Spirits for every 5 shares held. New entity to list on NSE/BSE. Watch for price action around Oct 2 record date.