Piccadily Agro Receives No-Objection Letters For Demerger Scheme

BSE and NSE issued no-adverse-observation/no-objection letters for the proposed sugar-business demerger into Piccadily Food & Essentials, enabling NCLT filing. The scheme remains subject to NCLT, shareholder, creditor, SEBI and other approvals, while PFEL listing is conditional. Context: advances the pending sugar demerger toward NCLT approval.