Proceeding of the Meeting of Equity Shareholders on 30.05.2026
KMSUGAR · price
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K M Sugar Mills Limited held an NCLT convened meeting of equity shareholders on May 30, 2026, to seek approval for a Scheme of Arrangement for Demerger. Under this scheme, the company's spirits and allied industries business will be demerged into a separate entity called KM Spirits and Allied Industries Limited (KMSAIL). The meeting was chaired by Sri Harnam Singh Thakur (Former Judicial Member, NCLT Chandigarh) as appointed by the Hon'ble NCLT Allahabad Bench. The NCLT order for this meeting was passed on March 24, 2026. The resolution was passed with the requisite majority, with voting conducted via remote e-voting (May 27-29, 2026) and e-voting at the meeting. Combined voting results will be announced on BSE, NSE, and the company website.
Shareholders have approved the demerger that will separate the spirits business into a distinct listed entity. This structural change could create value by allowing investors to separately value the sugar and spirits businesses, though the specific share allocation ratio has not been disclosed in this filing.