Kitex Garments: Addendum to NCLT meeting notice on demerger of KCL textile division

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹153.38

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₹152.46

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AI summary

Kitex Garments filed an addendum to the NCLT equity shareholders meeting notice (meeting on July 24, 2026) for the demerger of Kitex Childrenswear's textile division into Kitex Garments. KCL retains investments and other businesses; its textile division plus stakes in KAPL and Kitex USA LLC move into KGL. KCL shareholders on record date will get new KGL shares per the share entitlement ratio. Cut-off date is May 29, 2026.

Likely market impact

Shareholders vote July 24, 2026 on the demerger. If approved, KCL shareholders receive new KGL shares and KGL's textile operations expand via consolidation.