Khadim India Limited has informed the Exchange about communication to shareholders w.r.t. apportionment of Cost of Acquisition of Equity Shares of Khadim India Limited and KSR Footwear Limited
KHADIM · price
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Awaiting price reaction for this filing.
Khadim India Limited has informed shareholders about how to apportion their original cost of acquisition between Khadim and KSR Footwear following the completed demerger of its Distribution Business. The NCLT Kolkata sanctioned the scheme on March 27, 2025, with the appointed date being April 1, 2025 and the scheme becoming effective May 1, 2025. On June 10, 2025, KSR Footwear allotted 1.83 crore equity shares (Rs. 10 each) to Khadim shareholders at a 1:1 swap ratio. For capital gains computation, shareholders must split their original cost as 35.05% to Khadim India and 64.95% to KSR Footwear. The demerger is treated as tax-neutral under Section 47(vid) of the Income Tax Act, though shareholders are advised to consult their own tax consultants for individual cases.
Khadim shareholders now hold shares in two separate entities and must track distinct cost bases for each, which will matter at the time of any future sale. The stock may also see near-term price adjustments as the demerged Distribution Business begins trading separately under KSR Footwear, with the value split roughly into a 35:65 ratio between the two companies.