Announced Fri, 24 Jul · 23:52 IST
NCLT meetings held for Kitex demerger scheme
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
—1-day move
₹146.79
prior close
₹147.04
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5+1.6+1.8+1.9——————————
Up moveDown movePending
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.