Corporate Action25 Apr 2026, 02:01 pm
K M Sugar Mills: Court Meeting for Demerger Scheme Approval
AI Summary
K M Sugar Mills Ltd has announced a Court Convened Meeting of Equity shareholders on May 30, 2026, to seek approval for the proposed Scheme of Arrangement for Demerger. The meeting is scheduled for 11:00 AM (IST) and will be held through video conferencing. Shareholders can vote remotely via e-voting from May 27 to May 29, 2026. The notice and explanatory statement are available on the company's website.
Key Highlights
- K M Sugar Mills to hold a court-convened meeting on May 30, 2026, for demerger approval.
- The meeting will be conducted via video conferencing.
- Remote e-voting will be available from May 27 to May 29, 2026.
- The demerger scheme involves KM Spirits and Allied Industries Limited.
- NCLT Allahabad Bench approved the meeting via order dated March 24, 2026.
Price Impact
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