K.M.Sugar Mills Limited has informed the Exchange regarding Proceedings of Court Convened General Meeting held on May 30, 2026
KMSUGAR · price
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K.M.Sugar Mills Limited held an NCLT convened shareholders meeting on May 30, 2026 to seek approval for a Scheme of Arrangement for Demerger. The meeting was conducted virtually and attended by 54 equity shareholders. The proposed scheme involves the demerger of K.M.Sugar Mills Limited (Demerged Company) into a new entity called KM Spirits and Allied Industries Limited (Resulting Company), under Sections 230-232 of the Companies Act, 2013. The resolution was passed with the requisite majority and duly approved by the equity shareholders. A scrutinizer has been appointed to oversee the voting process, and the combined voting results will be announced on the websites of BSE, NSE, and the Company.
Shareholders of K.M.Sugar Mills will receive shares in KM Spirits and Allied Industries Limited upon completion of the demerger. The approval marks a significant corporate restructuring milestone, potentially creating value by separating the sugar and spirits businesses into distinct entities.