NCLT meetings held for Kitex demerger scheme

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

KITEX · price

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

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

+0.3%Reaction day

₹146.79

prior close

₹147.04

announcement price

After-mkt

timing

Nifty Microcap 250market+1.3%-1.0% vs market

Garments & Apparels peers, median of 37sector+0.1%+0.2% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.2 pts more 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

Stock

+1.5

10m

+1.6

15m

+1.8

30m

+1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+1.3-1.0+0.1+0.2

Next day

-0.9+0.0-0.9-0.3-0.6

-0.4+0.5-0.9-0.1-0.4

-0.9-0.1-0.9+0.7-1.6

-0.5+1.0-1.5-0.5+0.0

-1.2+2.4-3.6+0.7-1.9

-1.1+4.1-5.3+1.1-2.3

15d

-12.3+5.1-17.3-1.2-11.1

-11.7+5.8-17.5-1.9-9.8

-21.0+4.5-25.5-6.8-14.2

-22.8-2.4-20.4-11.0-11.8

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 37Pending

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

AI summary

Kitex Garments held NCLT-convened meetings on July 24, 2026 for equity shareholders (11 AM) and unsecured creditors (2:30 PM) via video conference to consider a Scheme of Arrangement between Kitex Childrenswear (Demerged Co) and Kitex Garments (Resulting Co) under Sections 230-232 of the Companies Act. E-voting ran July 20-23. Both meetings had quorum and concluded without questions. Scrutinizer appointed by NCLT. Voting results pending.

Likely market impact

Demerger scheme progresses - voting results awaited. Next steps depend on NCLT approval after shareholder and creditor votes are tallied.