NCLT Order approving the Scheme of Arrangement
As filed · Khadim India Limited has informed the Exchange about NCLT Order approving the Scheme of Arrangement
What happened
FactKhadim India Limited has informed the Exchange about NCLT Order approving the Scheme of Arrangement. (“Hon’ble NCLT”) vide Order dated March 27, 2025 (uploaded on the website of the Hon’ble NCLT on date). A copy of the aforesaid Order, as downloaded from the website of the Hon’ble NCLT, is enclosed herewith.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
WithdrawnLooking ahead, we expect our company-owned footprint to stabilise at around 200 stores, with incremental growth led through capital-light formats - EBOs and our FRM/TFM franchise arrangements.
We will continue to improve store productivity, deepen franchisee engagement and expand selectively through capital-efficient formats.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
- The margin will remain more or less in the range of 48% to 49%. (management committed by Q3 FY26)
- Looking ahead, we expect our company-owned footprint to stabilise at around 200 stores, with incremental growt (management committed by FY27)
Evidence
- Khadim India Limited has informed the Exchange about NCLT Order approving the Scheme of Arrangement(opens the original filing in a new tab)
- Earlier statement · FY26
- Latest statement · FY26
- Earlier statement · FY26
How CapitSignal classified this
- Reasoning:
- INSOLVENCY base 93; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%