Announced Tue, 15 Sept · 17:46 IST
NCLT Sanctions Demerger of Distillery Division into KM Spirits
Demerger Ratio AnnouncedCore Business DivestedNclt Scheme FiledStrategic Transactions View source PDFExplain this filing
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
-2.0%1-day move
₹29.11
prior close
₹29.11
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.0-0.2-2.3-2.0-1.5-0.6———————
Up moveDown movePending
AI summary
NCLT Allahabad has sanctioned the scheme to demerge the Distillery Division of K M Sugar Mills into its wholly owned subsidiary KM Spirits and Allied Industries. Appointed date is April 1, 2026. Shareholders will get 1 equity share of Rs 10 in KM Spirits for every 5 shares of Rs 2 held in K M Sugar Mills. Effective date and record date will be fixed by the Board and announced later.
Likely market impact
Shareholders of K M Sugar Mills will receive shares in KM Spirits on 1:5 ratio. Effective and record dates to be announced by the Board shortly.