Announced Tue, 23 Jun · 12:39 IST
Kitex Garments: NCLT-ordered meetings for demerger scheme on July 24
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
+4.0%1-day move
₹161.99
prior close
₹160.40
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-0.2-0.2+0.0+4.0+0.2-3.5-1.0-1.3-1.0-6.6-11.0——
Up moveDown movePending
AI summary
NCLT Kochi Bench has ordered meetings of Kitex Garments equity shareholders and unsecured creditors on July 24, 2026 to consider the Scheme of Arrangement involving Kitex Childrenswear Limited (Demerged Company) and Kitex Garments (Resulting Company) under Sections 230-232 of the Companies Act. Equity shareholders meet at 11 AM, unsecured creditors at 2:30 PM via video conferencing. Remote e-voting runs July 20-23, 2026, with cut-off date July 17, 2026 for shareholders.
Likely market impact
Shareholders will vote on the demerger scheme. Approval could reshape the company structure and lead to share entitlement changes.