NCLT-convened shareholder meeting on May 30 for demerger scheme with KM Spirits

Nclt Scheme FiledStrategic Transactions View source PDF

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AI summary

K.M. Sugar Mills will hold an NCLT-ordered virtual shareholder meeting on May 30, 2026 to approve a demerger scheme with KM Spirits and Allied Industries (resulting company). NCLT Allahabad issued the meeting order on March 24, 2026 under Sections 230-232 of the Companies Act, 2013. BSE and NSE issued no-objection letters in January 2026. Remote e-voting runs May 27-29, 2026; cut-off date is May 23, 2026.

Likely market impact

Shareholders will vote on the demerger. Approval unlocks restructuring; scheme still needs NCLT final sanction post-meeting.