Khadim India Limited has informed the Exchange about Update on Demerger- Alteration of Authorized Share Capital of the Company
KHADIM · price
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Khadim India Limited has reduced its authorised share capital from ₹60 crore to ₹40 crore, cutting equity shares from 6 crore to 4 crore (face value ₹10 each). This change follows the NCLT Kolkata Bench's approval on March 27, 2025, of a Scheme of Arrangement to transfer the company's Distribution Business to KSR Footwear Limited (the Resulting Company). The revised Memorandum of Association reflecting this change has been uploaded to the company's website. Khadim India will continue as the Demerged Company in this restructuring.
Shareholders should note this is a structural change tied to the demerger, not a fresh fundraising or capital dilution. The authorised capital reduction aligns Khadim's capital structure with the smaller business remaining after hiving off the distribution arm to KSR Footwear, and it may affect future share issuance capacity.