Shri Dinesh Mills Board Approves FELT Business Demerger

Shri Dinesh Mills board granted in-principle approval for demerging its FELT business into a separate listed entity via an NCLT scheme.
The approval follows a Family Settlement Agreement between promoter groups BUP and NUP families, who collectively hold 45.73% of the company.
As an interim measure, the board segregated business verticals and designated specific directors to oversee the FELT and residual businesses.
Post-demerger, the NUP family will cease holding shares in SDM, and the BUP family will exit the new Transferee Company.