We wish to inform you that the Company''s promoter namely Dave Builders Private Limited have been demerged pursuant to Scheme of Arrangment as detailed mentioned in enclosed letter along ....
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Skyline Millars Ltd informed the stock exchange that its promoter, Dave Builders Private Limited, has been demerged under a Scheme of Arrangement approved by NCLT Mumbai on June 26, 2025, effective from the appointed date of April 1, 2025. Dave Builders held 57,20,910 equity shares in Skyline Millars, and these have now been distributed among three resulting companies: Dave Star Private Limited (28,60,455 shares), Dave Skyline Private Limited (14,30,228 shares), and Dave Symphony Private Limited (14,30,227 shares). The restructuring is described as a family-led reorganization aimed at better focus, smoother operations, and avoiding future family disputes, with all three resulting companies being family entities with common shareholders. The company has been asked to update its register of members to reflect the three new shareholders in place of Dave Builders.
There is no change in the total promoter group shareholding in Skyline Millars — the stake is simply split from one promoter entity into three. Existing shareholders should not see any impact on promoter control or stock price; this is an internal family restructuring at the promoter level.