Announced Sat, 22 Aug · 18:35 IST
NCLT sanctions Demerger of Distillery Division into KM Spirits
Demerger Ratio AnnouncedNclt Scheme FiledCore Business DivestedStrategic 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
Awaiting price reaction for this filing.
AI summary
NCLT Allahabad has sanctioned the demerger of K M Sugar Mills Distillery Division into its wholly owned subsidiary KM Spirits and Allied Industries. Appointed date is April 1, 2026. Share swap ratio: 1 share of Rs 10 in KM Spirits for every 5 shares of Rs 2 in K M Sugar Mills. Approved by 99.99 percent equity shareholders and 100 percent unsecured creditors. Income Tax Department raised no objection after undertakings on tax liabilities.
Likely market impact
Distillery business moves to KM Spirits via 1:5 share swap. Shareholders get shares in new entity and existing sugar ops continue.