Piccadily Agro Industries Limited — JV/Acquisition, 28-04-2026: Demerger

Piccadily Agro Industries Limited is demerging its Sugar Business into a wholly-owned subsidiary, Piccadily Food & Essential Limited (PFEL). This move aims to create two focused entities, enhancing operational efficiency and unlocking shareholder value. The demerged sugar business will operate independently and is planned for separate listing. This restructuring is expected to attract focused investment and allow for distinct growth strategies for both the sugar and distillery businesses. Shareholders will have proportionate ownership in both resulting companies.