K M Sugar Mills: Demerger Update, Allots 1.84 Cr Shares

K M Sugar Mills Ltd has announced a material update regarding the demerger of its Distillery Division into KM Spirits and Allied Industries Limited. Following the approval of the Scheme of Arrangement, KM Spirits and Allied Industries Limited has allotted 1,84,00,034 fully-paid equity shares of INR 10 each to the eligible shareholders of K M Sugar Mills Ltd as of the record date, October 2, 2026. Concurrently, the existing equity shares of KM Spirits and Allied Industries Limited held by K M Sugar Mills Ltd have been cancelled, ceasing KM Spirits and Allied Industries Limited to be a subsidiary. The company is seeking listing and trading approval for the newly allotted shares.