Please be informed that the Authorised Capital of the Company has been reduced from ₹ 60 Crores. comprising…
As filed · General Updates
What happened
FactPlease be informed that the Authorised Capital of the Company has been reduced from ₹ 60 Crores. comprising of 6,00,00,000 Equity Shares of ₹ 10/- each to ₹ 40 Crores comprising of 4,00,00,000 Equity. Shares of ₹ 10/- each of the Company in terms of Scheme of Arrangement for transfer of Distribution.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
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 interpretationDemand
RevisedOur premium portfolio - led by sub-brands including British Walkers and Sharon - now contributes close to 60% of retail sales, at a gross margin roughly 5 percentage points higher than our mass-market range.
British Walkers, our premium men’s formal and semi-formal leather footwear brand, contributed roughly 8% of total Company sales, supported by an expanded assortment of crushed-leather and wide-fit silhouettes priced upward of ₹ 5,000.
Change
FactImplication
CapitSignal interpretationDemand
RevisedBritish Walkers, our premium men’s formal and semi-formal leather footwear brand, contributed roughly 8% of total Company sales, supported by an expanded assortment of crushed-leather and wide-fit silhouettes priced upward of ₹ 5,000.
Our TFM-format stores, where the category mix skews toward these premium and semi-premium lines, delivered a strong 46% year-on-year growth in FY26.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
- 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 Update on Demerger- Alteration of Authorized Share Capital of the Company(opens the original filing in a new tab)
- Earlier statement · FY26
- Latest statement · FY26
- Earlier statement · FY26
- Latest statement · FY26
- Earlier statement · FY26
- Latest statement · FY26
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%