Revised intimation Under Regulation 30 and 30A of SEBI (LODR) Regulations. 2015 - Intimation of Family Settlement Agreement
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shri Dinesh Mills Ltd announced a family settlement agreement executed on April 29, 2026 between two promoter families (BUP and NUP families). The agreement facilitates the demerger of the company's FELT business into a separate listed entity, with the residual business remaining in SDM. The board has granted in-principle approval for this demerger. Under the settlement, the NUP Family (holding 22.74% combined) will cease to hold shares in SDM after the demerger becomes effective, while the BUP Family (holding 23% combined) will cease to hold shares in the Transferee Company. NUP Family nominated directors will resign from SDM board, and BUP Family nominated directors will resign from the Transferee Company board.
The demerger will split the company into two listed entities. The NUP Family selling their entire 22.74% stake in SDM represents a significant promoter stake reduction, which could impact the stock price negatively in the short term due to increased supply of shares.