SCRUTNIZER REPORT FOR CCM OF UNSECURED CREDITORS 30.05.2026
KMSUGAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
K M Sugar Mills Limited has received approval from its Unsecured Creditors for a Scheme of Arrangement for Demerger. The demerger involves separating K M Sugar Mills Limited (Demerged Company) into KM Spirits and Allied Industries Limited (Resulting Company). The NCLT-convened meeting was held on May 30, 2026 via video conferencing. Out of 414 eligible Unsecured Creditors representing Rs 9.83 crore in unsecured debt, 85 creditors participated and voted. All 85 creditors (100%) voted in favor of the resolution, representing Rs 4.96 crore in value. No votes were cast against the resolution. The scheme has been approved by the requisite majority as stipulated under Section 230(6) of the Companies Act, 2013. The scheme is now subject to NCLT sanction and other regulatory approvals.
The demerger approval by unsecured creditors is a positive step toward completing the corporate restructuring. Shareholders should note that the final demerger ratio and implementation timeline will be determined after NCLT sanction. This filing confirms the scheme is progressing through the legal approval process.