K.M. Sugar Mills Announces Meeting Schedule for Proposed Demerger Scheme
K.M. Sugar Mills Limited is advancing with its proposed Scheme of Arrangement for Demerger involving the company and KM Spirits and Allied Industries Limited. The meetings for the respective stakeholders were scheduled following directions issued by the Hon'ble National Company Law Tribunal, Allahabad Bench.The Scheme of Arrangement aims to effect a separation between K.M. Sugar Mills Limited (the Demerged Company) and KM Spirits and Allied Industries Limited (the Resulting Company). The company has finalized the schedule for convening meetings of its Equity Shareholders and Unsecured Creditors to obtain necessary approvals for the demerger process.
The finalized schedule for the meetings is as follows:
| Meeting Type | Day and Date | Time (IST) |
|---|---|---|
| Equity Shareholders | Saturday, May 30, 2026 | 11:00 AM |
| Unsecured Creditors | Saturday, May 30, 2026 | 12:30 PM |
These meetings are being convened pursuant to the order passed by the Hon'ble NCLT on March 24, 2026. The company stated that the dates and times listed above have been finalized for the necessary shareholder and creditor approvals regarding the Scheme of Arrangement.
KMSUGAR Stock Price Movement
K.M.Sugar Mills Limited shares on Friday slipped by 1.32% to settle at ₹29.11. The equity finished the day's trading with a total volume of 256,029 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.