Khadim India Limited has informed the Exchange about the revised communication to the shareholders w.r.t. apportionment of Cost of Acquisition of Equity Shares of Khadim India Limited and KSR Footwear Limited
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 has issued a corrected (revised) communication to shareholders about how the original cost of acquiring their Khadim shares should be split between Khadim India and KSR Footwear following the demerger of its Distribution Business. The NCLT Kolkata sanctioned the scheme on March 27, 2025, with an effective date of May 01, 2025 and an appointed date of April 01, 2025. KSR Footwear allotted 1,83,78,382 equity shares of Rs. 10 each to Khadim shareholders in a 1:1 ratio (record date June 07, 2025). The earlier communication (June 23, 2025) had the percentages in the cost-split table reversed by mistake. The corrected split is 64.95% for Khadim India (Demerged Company) and 35.05% for KSR Footwear (Resulting Company). The demerger qualifies as a tax-neutral transaction under Section 2(19AA) of the Income Tax Act.
Shareholders must now use 64.95% as the cost of acquisition for their remaining Khadim India shares and 35.05% for the newly received KSR Footwear shares when calculating future capital gains. The share-swap is not taxable at the time of allotment, but the correct cost-split will determine tax liability on any future sale of either set of shares.