K M Sugar Mills Ltd

🚀 K.M. Sugar Mills Demerger Approved: Key Details & Share Ratio

- Demerger of Distillery Division into KM Spirits and Allied Industries approved by NCLT Allahabad Bench

- Share exchange ratio: 1 share in KM Spirits (face value ₹10) for every 5 shares held in K.M. Sugar Mills (face value ₹2)

- Appointed date for demerger: April 1, 2026

- Secured creditors' meeting waived with 96.23% consent

- Stock exchanges (BSE & NSE) provided no-objection to the scheme

- Rationale: Focused management, operational efficiency, and unlocking shareholder value