Khadim India Limited has announced a board meeting to discuss the financial results for the quarter and half-year.

The company has completed the demerger of its Distribution Business into KSR Footwear Limited, issuing 1 equity share in KSR Footwear for every 1 share held in Khadim.

Shareholders should apportion their original cost of acquisition between Khadim India (35.05%) and KSR Footwear (64.95%) for tax purposes.

The demerger is treated as a non-taxable event for shareholders at this stage.