Kitex Garments Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 17, 2025
KITEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kitex Garments has informed the exchanges about its 33rd AGM scheduled for Wednesday, September 17, 2025, at 11:00 AM via Video Conferencing. Key items on the agenda include adoption of audited FY25 financial statements, declaration of a final dividend of Rs 0.50 per equity share of face value Rs 1, and re-appointment of Mr. Sabu M Jacob as Chairman & Managing Director for 3 years (till August 15, 2028). The company is also seeking shareholder approval to double its authorised share capital from Rs 25 Cr to Rs 50 Cr and to raise up to Rs 3,000 Crores via a Qualified Institutions Placement (QIP). Several large related-party transactions are proposed for shareholder approval, including Rs 3,600 Cr with Kitex Apparel Parks, Rs 2,800 Cr between subsidiary KAPL and Kitex Childrenswear, Rs 400 Cr with Kitex Childrenswear, and Rs 300 Cr with Kitex USA LLC. The Register of Members will be closed from September 10 to September 17, 2025, with dividend payment expected on or before October 16, 2025.
Retail shareholders will vote on a modest Rs 0.50/share dividend, a potential Rs 3,000 Cr equity dilution via QIP, and large related-party transactions that could materially affect the company. The QIP proposal and capital expansion may weigh on the stock due to dilution risk, while approval of large related-party deals could raise governance concerns for minority investors.