Shri Dinesh Mills Ltd announced a Board-approved demerger of its FELT business into a separate, listed legal entity. Additionally, the company disclosed a Family Settlement Agreement between the BUP and NUP families to ensure long-term harmony. This restructuring aims to unlock value by segregating the FELT and Residual business verticals.
Shri Dinesh Mills Ltd announced a demerger of its FELT business into a separate listed entity. This follows a family settlement agreement between the BUP and NUP promoter families to ensure long-term harmony. The Board approved the reorganization to unlock value, with the residual business remaining in the existing company.