Footwear maker Khadim Demerger By March 2025

Kolkata: Footwear major Khadim India Ltd is expecting to complete the demerger of its distribution business by March 2025 with a subsequent listing in the bourses by May, an official said on Monday

The company is also exploring quick commerce partnerships with platforms like Zepto for utility products such as school shoes and EVA slippers to boost sales, he said.

The Kolkata-based footwear maker had earlier announced the decision to carve out its distribution business and manufacturing activities into KSR Footwear Ltd (KFL) to improve margins and valuations.

“The demerger is pending before the NCLT. An order is expected by the end of this month or March. Listing of the demerged entity (KSR) will take place within May,” Khadim’s chief financial officer Indrajit Chaudhuri told media.