K.M. Sugar Mills has notified stock exchanges of an upcoming Board of Directors meeting scheduled for Monday, May 18, 2026, at Hotel Taj Mahal, Gomti Nagar, Lucknow. The meeting has been convened pursuant to Regulation 29, 33, and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was issued on May 4, 2026, and signed by Ritika Tandon, Company Secretary-cum-Compliance Officer.

Board Meeting Details

The key details of the scheduled board meeting are outlined below:

The board will consider and approve the audited standalone and consolidated financial results of the company for the quarter and the year ended March 31, 2026, along with any other matters that may arise during the meeting.

Trading Window Closure

In compliance with clause 4 of Schedule B of the Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015, K.M. Sugar Mills has closed its trading window for designated individuals. The closure applies to Directors, Promoters, Officers, and designated employees of the company, restricting them from dealing in the securities of the company during this period.

Regulatory Disclosures

The notice and the audited financial results, upon approval by the Board, will be made available on the company's official website at www.kmsugar.com , as well as on the websites of the stock exchanges at www.bse.india.com and www.nseindia.com . The company is headquartered at P.O. Motinagar - 224201, District Ayodhya, Uttar Pradesh.

K.M. Sugar Mills Ltd. has announced comprehensive meeting schedules for the approval of its proposed demerger scheme with KM Spirits and Allied Industries Limited. The company has released detailed documentation following directions from the National Company Law Tribunal, Allahabad Bench.

Meeting Schedule and Voting Arrangements

The company has scheduled meetings on May 30, 2026, to seek approval for the demerger arrangement:

Both meetings will feature remote e-voting facilities, with the cut-off date set for Friday, October 31, 2025. Remote e-voting will commence on Wednesday, May 27, 2026, at 9:00 AM (IST) and conclude on Friday, May 29, 2026, at 5:00 PM (IST).

Demerger Structure and Share Entitlement

The proposed scheme involves the demerger of K.M. Sugar Mills Limited's Distillery Division into KM Spirits and Allied Industries Limited. Under the arrangement:

Regulatory Approvals and Documentation

The company has secured necessary regulatory clearances, including no-objection letters from both BSE Limited (dated January 13, 2026) and National Stock Exchange of India Limited (dated January 12, 2026). The NCLT order dated March 24, 2026, has dispensed with the requirement of convening a meeting of secured creditors.

Business Rationale and Strategic Benefits

The demerger aims to unlock shareholder value through several strategic initiatives:

• Operational Focus: Establishing an independent entity for the Distillery Division to enable sector-specific opportunities and enhanced operational efficiency
• Strategic Flexibility: Providing greater flexibility to tailor approaches specific to unique operational and market dynamics
• Value Creation: Enabling independent market-driven valuation through separate listing of the Resulting Company
• Risk Mitigation: Separating businesses with distinct risk and return profiles to attract different investor sets

Financial Overview

The Distillery Division being transferred includes:

Meeting Governance Structure

The NCLT has appointed Sri Harnam Singh Thakur as Chairperson and Mr. Deependra Mohan as Alternate Chairperson for the meetings. Mr. Ankit Kumar Singh has been designated as the Scrutinizer. Company Secretary and Compliance Officer Ritika Tandon has signed the communication on behalf of the company.

The comprehensive documentation includes 19 annexures covering financial statements, valuation reports, fairness opinions, and regulatory correspondence. Shareholders can access the complete notice and accompanying documents through the company's website at www.kmsugar.com .

Source: None/Company/INE157H01023/759aa22e-62ae-467f-bd47-4bb03469eac5.pdf