K.M.Sugar Mills Limited has submitted the Exchange a copy Srutinizers report of Court Convened General Meeting held on May 30, 2026. Further, the company has informed the Exchange regarding voting results.
KMSUGAR · price
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K.M. Sugar Mills Limited has received shareholder approval for a Scheme of Arrangement for Demerger, splitting the company into two entities: K.M. Sugar Mills Limited (Demerged Company) and KM Spirits and Allied Industries Limited (Resulting Company). The NCLT Convened Meeting held on May 30, 2026, approved the scheme with overwhelming majority - 99.99% votes in favor (5,80,99,694 votes) versus only 5 votes against out of 5,80,99,699 total valid votes. The meeting was convened pursuant to NCLT Order dated March 24, 2026, under Sections 230-232 of the Companies Act, 2013. The scheme still requires final sanction from the Hon'ble NCLT, Allahabad Bench.
This demerger, once completed, will create a separate listed entity for the spirits and allied industries business, allowing shareholders to hold stakes in two distinct businesses. The near-unanimous approval signals strong shareholder confidence and could unlock separate valuations for the sugar and spirits divisions.