Khadim India Limited has informed the Exchange about Demerger of the Distribution Business of the Company-Record Date
KHADIM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Khadim India Limited (KIL) has fixed June 07, 2025 as the Record Date for its demerger scheme under which its Distribution Business will be transferred to KSR Footwear Limited (KFL), the resulting company. Shareholders on the record date will be eligible to receive new equity shares of KFL in line with Clause 11 of the Scheme of Arrangement. The scheme was already approved by the NCLT Kolkata Bench on March 27, 2025, and this update is filed under Regulation 42 of SEBI LODR. Investors need to hold shares of Khadim India on the record date to qualify for the share entitlement from KFL.
Existing shareholders of Khadim India who hold shares on the record date (June 7, 2025) will receive new equity shares of KSR Footwear Limited, effectively giving them a stake in the demerged distribution entity alongside their existing Khadim India holding. This is a value-unlocking corporate action and may lead to separate listing and trading of KSR Footwear shares in due course.