Kitex Garments Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
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Kitex Garments Limited's board, at its meeting on August 4, 2025, approved doubling the company's authorized share capital from ₹25 crore to ₹50 crore. This means the company can now issue up to 50 crore equity shares of ₹1 each, up from the earlier 25 crore shares. The change requires amending Clause V of the Memorandum of Association and is subject to shareholder approval at the upcoming Annual General Meeting. The authorized capital increase is a routine step that gives the company flexibility to issue more shares in the future, but it does not mean new shares are being issued right now.
This is a procedural change that does not immediately dilute existing shareholders or affect stock price. It simply raises the maximum limit of shares the company is allowed to issue, giving the board future flexibility for fundraising, acquisitions, or stock splits. Investors should watch for follow-up announcements on whether and when new shares will actually be issued.