K M Sugar Mills disclosed the transmission of 14,302,600 equity shares, representing 15.55% of the total paid-up equity share capital, from Late Shri L.K. Jhunjhunwala to Smt. Naina Devi Jhunjhunwala. The transmission was executed through an off-market mechanism following the death of the promoter. Smt. Naina Devi Jhunjhunwala is the nominee and legal heir of the deceased promoter. This disclosure was submitted to the stock exchanges on June 09, 2026, in compliance with Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Aditya Jhunjhunwala, Promoter and Person Acting in Concert, confirmed in the filing that there has been no change in the aggregate shareholding of the promoters and promoter group pre- and post-transmission. The total promoter group holding remains at 56.51% of the total paid-up equity share capital. The transmission is exempt from making an open offer under Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Details

The transfer of shares resulted in specific changes to the holdings of individual promoter group members. Late Shri L.K. Jhunjhunwala's holding of 14,302,600 shares was extinguished, while Smt. Naina Devi Jhunjhunwala’s holding increased by the same quantum. The total equity share capital of the company remains unchanged at 9,20,00,170 equity shares.

Regulatory Compliance

The disclosure was submitted by Shri Aditya Jhunjhunwala on behalf of the Persons Acting in Concert. The filing detailed that the mode of acquisition was transmission via off-market transaction. The company’s total diluted share capital also remains unchanged at 9,20,00,170 equity shares. The shares are listed on BSE Limited and the National Stock Exchange of India Limited.

K.M. Sugar Mills Limited has secured approval from its equity shareholders for the Scheme of Arrangement for Demerger between itself and KM Spirits and Allied Industries Limited. The resolution was passed with the requisite majority during a meeting convened by the National Company Law Tribunal (NCLT) on May 30, 2026. This demerger will separate the operations into the Demerged Company, K.M. Sugar Mills, and the Resulting Company, KM Spirits and Allied Industries, impacting their respective shareholders and creditors.

The meeting was held via video conferencing, with Sri Harnam Singh Thakur, Former Judicial Member, NCLT Chandigarh, serving as the Chairperson and Mr. Deependra Mohan appointed as the Alternate Chairperson. Mr. Ankit Kumar Singh, Practicing Company Secretary, was appointed as the Scrutinizer. A total of 54 equity shareholders attended the meeting through video conferencing. The approval was granted under the provisions of Section 230-232 of the Companies Act, 2013, subject to the sanction of the Hon'ble NCLT, Allahabad Bench.

Key Meeting Details

The remote e-voting facility was open from May 27, 2026, at 9:00 AM (IST) to May 29, 2026, at 5:00 PM (IST). Additionally, e-voting was available at the meeting and remained open for 15 minutes from the conclusion of the meeting. The Chairperson explained the salient features of the Scheme, and queries raised by members were addressed by the Counsel appearing for the Company. The combined voting results will be announced on the websites of BSE, NSE, and the Company.