Announced Thu, 20 Aug · 14:30 IST
NCLT sanctions demerger of K M Sugar Mills distillery division
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
+3.0%1-day move
₹32.78
prior close
₹35.67
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.6+0.6-0.8+3.0+1.9-0.4-2.3-6.3-0.4-8.3-11.7——
Up moveDown movePending
AI summary
The NCLT Allahabad Bench has sanctioned the Scheme of Arrangement for demerger of the Distillery Division of K M Sugar Mills into KM Spirits and Allied Industries Limited. The order was pronounced on August 19, 2026 under sections 230-232 of the Companies Act, 2013. The copy of the order is awaited and will be submitted to the exchanges once available.
Likely market impact
Demerger closer to completion. Shareholders should await share allotment ratio, record date, and listing of the resulting entity.