Khadim India Limited provided an update on the Scheme of Arrangement for the transfer of its Distribution Business to KSR Footwear Limited (Resulting Company).
The Board of Directors of KSR Footwear Limited, at its meeting held on June 10, 2025, approved the allotment of 1,83,78,382 new Equity Shares of ₹ 10/- each fully paid up.
These shares are to be allotted to all the Equity Shareholders of Khadim India Limited (Demerged Company) as on the Record Date of June 07, 2025.
The Scheme was previously approved by the Hon'ble National Company Law Tribunal, Kolkata Bench, on March 27, 2025.
KSR Footwear Limited is in the process of making necessary applications for listing and trading approvals to BSE Limited and The National Stock Exchange of India Limited.