Announced Tue, 23 Jun · 12:15 IST
NCLT sets July 24 meetings to vote on Kitex Childrenswear demerger
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
₹160.24
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2+0.0+0.0+0.1+4.0+0.2-3.5-1.0-1.3-1.0-6.6-11.0——
Up moveDown movePending
AI summary
NCLT Kochi has directed meetings of equity shareholders and unsecured creditors of Kitex Garments on July 24, 2026 to consider the demerger scheme of Kitex Childrenswear into Kitex Garments under Sections 230-232 of the Companies Act, 2013. Shareholders meet at 11:00 AM, unsecured creditors at 2:30 PM, both via video conferencing. Remote e-voting runs from July 20 to July 23, 2026. Eligibility cut-off for shareholders is July 17, 2026.
Likely market impact
Shareholders will vote on the proposed demerger. Approval could reshape the company structure and affect valuation.