Intimation under Regulation 30
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The Board of Superior Industrial Enterprises Ltd informed the exchange about a demerger involving its promoter, Moon Beverages Limited, approved by the NCLT Allahabad. Under the scheme, Moon Beverages is transferring its investment segment into MMG Realtech Private Limited (Resulting Company). Shareholders of Moon Beverages will receive 1 equity share of Rs.10 in MMG Realtech for every 1 share held, with an option to instead receive 7% Non-Cumulative Optionally Convertible Preference Shares (OCPS) of Rs.10 each. Superior Industrial is entitled to 3,16,000 shares/OCPS, and its Board chose the OCPS option. As a result of the demerger, Moon Beverages will cease to be the promoter of Superior Industrial, and MMG Realtech Private Limited will become the new promoter.
This is a change in the promoter entity of Superior Industrial Enterprises — from Moon Beverages Limited to MMG Realtech Private Limited — which is a corporate restructuring at the promoter level rather than at the operating company. Retail shareholders should note the indirect shift in holding structure but the company's own business remains unaffected.