The announcement was made after market hours yesterday, 7 February 2019.
Meanwhile, the S&P BSE Sensex was down 217.81 points or 0.59% at 36,753.28
On the BSE, 7,080 shares were traded in the counter so far compared with average daily volumes of 513 shares in the past two weeks. The stock had hit a high of Rs 427 and a low of Rs 382.10 so far during the day.
Khadim India was promoted by Siddhartha Roy Burman and Knightsville in 1981 as a wholesaler and distributor of branded basic utility footwear. The retail foray came in 1993.