KM Sugar Mills’ distillery demerger hearing at NCLT Allahabad set for July 30, 2026
KM Sugar Mills said the NCLT’s Allahabad bench will hold a hearing on July 30, 2026 on its Scheme of Arrangement to demerge the distillery business into its wholly owned subsidiary, KM Spirits. The company’s board approved the plan on August 7, 2025, with an appointed date of April 1, 2026 and a share-swap ratio of 1 KM Spirits equity share of ₹10 each for every 5 KM Sugar Mills equity shares of ₹2 each. The demerger remains subject to final NCLT sanction and other regulatory approvals, and KM Spirits’ shares are proposed to be listed after the scheme becomes effective. For the year ended March 31, 2026, the company reported profit after tax of ₹5,342.38 lakhs, up from ₹3,555.09 lakhs, alongside higher ethanol sales and revenue in the distillery segment.