Khadim India Limited has informed the Exchange regarding Outcome of Board Meeting held on August 12, 2025.
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Khadim India's board on August 12, 2025 approved unaudited standalone and consolidated results for Q1 FY26 (quarter ended June 30, 2025). Revenue from continuing operations stood at Rs. 942.25 million, with profit from continuing operations of Rs. 8.62 million and EPS of Rs. 0.47. The company has demerged its distribution business into a wholly-owned subsidiary, Khadim Footwear Limited (KFL), effective May 1, 2025 (appointed date April 1, 2025). As part of the scheme, KFL has issued 1,83,78,382 new equity shares to existing Khadim shareholders, giving KFL a mirror shareholding structure. Assets and liabilities of the distribution business worth Rs. 882.14 million have been transferred to capital reserve. The registered office address has been changed from DLF IT Park to RDB Pinarc Techpark, both in Kolkata. Auditor Ray & Ray issued an unmodified limited review report.
Shareholders now effectively hold shares in two listed entities: the slimmed-down Khadim India (retail footwear focus) and the newly independent Khadim Footwear Limited (distribution). Continuing operations turned from a loss of Rs. 40.54 million in Q1 FY25 to a profit of Rs. 8.62 million in Q1 FY26, though profit declined sharply from Rs. 47.09 million in Q4 FY25. The mirror shareholding in KFL and absence of any exceptional item keep the restructuring clean for investors.