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NCLT Approves Scheme of Arrangement Between Khadim India Ltd and KSR Footwear Ltd

The National Company Law Tribunal (NCLT), Kolkata Bench, has sanctioned the Scheme of Arrangement between Khadim India Limited and KSR Footwear Limited. The scheme involves the transfer and vesting of Khadim India's Distribution Business into KSR Footwear. The rationale behind this move is to improve the competitiveness, operational efficiency, and agility of both companies by allowing them to focus on their respective market segments. The segregation of businesses will also enable better management control, unlock value, and attract distinct investor bases.

• NCLT sanctions Scheme of Arrangement between Khadim India Ltd and KSR Footwear Ltd
• Scheme involves the transfer of Khadim India's Distribution Business to KSR Footwear
• Move aims to improve competitiveness, operational efficiency, and agility of both companies
• Segregation of businesses to enable better management control and unlock value
• Expected to attract distinct investor bases and enable independent capital allocation