Kitex Garments: NCLT-ordered meetings for demerger scheme on July 24

Nclt Scheme FiledCore Business DivestedStrategic Transactions View source PDF Explain this filing

KITEX · price

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Price reactionminutes from the announcement price · days from the prior close

-1.0%Reaction day

₹161.99

prior close

₹160.40

announcement price

In-mkt

timing

Nifty Microcap 250market-0.7%-0.3% vs market

Garments & Apparels peers, median of 38sector+0.4%-1.4% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 1.4 pts less than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-1.0-0.7-0.3+0.4-1.4

Next day

+4.0-0.8+4.8+1.0+3.0

+0.2-1.4+1.6+0.8-0.6

-3.5-1.7-1.8-0.6-2.9

-1.0-0.7-0.3-1.3+0.3

-1.3-0.5-0.8-0.8-0.5

-1.0+0.0-1.1-0.4-0.6

15d

-6.6+0.5-7.1-1.6-4.9

-11.0-1.9-9.0-4.1-6.8

-21.6+4.3-25.9-4.3-17.3

-23.8+5.8-29.6-4.3-19.5

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 38Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.