Announced Fri, 10 Jul · 19:14 IST
Addendum to NCLT scheme meeting notice; KCL textile division demerger into Kitex Garments
KITEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹153.38
prior close
₹152.46
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-0.6-0.4+0.1-1.7-1.3-1.4-1.6-2.4-5.4————
Up moveDown movePending
AI summary
Addendum filed to NCLT-ordered shareholder meeting notice for KCL textile division demerger into Kitex Garments. KCL FY24 turnover Rs 340.95 crore (all textiles), PAT Rs 31.75 crore. KGL FY24 turnover Rs 616.92 crore, PAT Rs 55.83 crore. Meeting July 24, 2026 by video conferencing. New disclosures cover pre and post scheme financials and valuation comparables. Post scheme, KAPL and Kitex USA LLC become fully owned subsidiaries of KGL.
Likely market impact
If approved, KGL consolidates infant wear textile operations. KAPL and Kitex USA LLC become fully owned units. Shareholders vote July 24, 2026.