Description

NSE announces listing of 18,378,382 equity shares of KSR Footwear Limited on November 27, 2025, following NCLT-approved demerger of distribution business from Khadim India Limited.

Summary

NSE has approved the listing of equity shares of KSR Footwear Limited effective November 27, 2025, pursuant to a NCLT-approved Composite Scheme of Arrangement. The scheme involves demerger of the Distribution Business from Khadim India Limited (parent company) to KSR Footwear Limited (wholly owned subsidiary). Shareholders of Khadim India Limited will receive 1 equity share of KSR Footwear Limited for every 1 equity share held in Khadim India Limited. A total of 18,378,382 equity shares will be listed initially in Trade-for-Trade (BE series) before moving to regular EQ series.

Key Points

  • Symbol: KSR
  • Company: KSR Footwear Limited
  • ISIN: INE1SPP01016
  • Face Value: Rs. 10/- per share
  • Total Securities: 18,378,382 equity shares
  • Distinctive Number Range: 10001 to 18388382
  • Market Lot: 1 share
  • Initial Trading Series: BE (Trade-for-Trade)
  • Share Exchange Ratio: 1:1 (1 KSR share for every 1 Khadim India share)
  • Pre-open Session: Applicable as per SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012
  • NCLT Approval Date: March 27, 2025 (Kolkata Bench)

Regulatory Changes

The listing follows the National Company Law Tribunal (Kolkata Bench) order dated March 27, 2025, approving the Composite Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013. The scheme provides for demerger of the Distribution Business (Demerged Undertaking) from Khadim India Limited and vesting it into KSR Footwear Limited.

Securities will initially trade in Series ‘BE’ (Trade-for-Trade) and subsequently shift to Series ‘EQ’ as per SEBI circular SEBI/CIR/ISD/1/2010 dated September 2, 2010.

Compliance Requirements

  • Trading Members: Must note the security codes and lot sizes for trading on the NSE Capital Market segment
  • Security Identification: Only by designated codes (Symbol: KSR, ISIN: INE1SPP01016)
  • Trading Compliance: Must adhere to Trade-for-Trade (BE series) requirements initially
  • Pre-open Session: Mandatory participation as per SEBI circular requirements

Important Dates

  • NCLT Order Date: March 27, 2025
  • Circular Date: November 25, 2025
  • Effective Listing Date: November 27, 2025
  • Circular Reference: NSE/CML/71459, Circular No. 2282/2025

Impact Assessment

Market Impact: Medium - The listing creates a new tradeable security on NSE, affecting approximately 18.4 million shares. Shareholders of Khadim India Limited will now hold shares in two separate entities post-demerger.

Operational Impact: The demerger separates the distribution business into a standalone listed entity, potentially allowing for focused management and valuation. Initial Trade-for-Trade classification may limit liquidity until migration to EQ series.

Shareholder Impact: Existing Khadim India Limited shareholders receive shares in KSR Footwear Limited in 1:1 ratio without any payment, maintaining their proportional economic interest in the demerged distribution business.

Contact Information

Registrar and Share Transfer Agent: MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) C 101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai - 400083 Tel: 022 4918 6000 Website: www.in.mpms.mufg.com Email: rnt.helpdesk@in.mpms.mufg.com

Registered Office: KSR Footwear Limited Flat No. 4A, 4th Floor, Kalyani Complex, P-22, Block-A, Bangur Avenue, Kolkata-700055 Tel: 033 4009 0501 Contact: Ms. Shikha Jindal Website: www.ksrfootwear.com Email: compliance@ksrfootwear.com

Corporate Office: 7th Floor, Tower C, RDB Primarc Techpark, 08 Major Arterial Road, Block-AF, New Town (Rajarhat), Kolkata-700156

Impact Justification

New listing resulting from demerger affects shareholders of parent company Khadim India Limited with 1:1 share swap ratio