Announced Mon, 27 Jul · 20:19 IST
Shareholders and creditors approve Kitex Childrenswear demerger scheme
KITEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Kitex Garments filed voting results from NCLT-convened meetings held July 24, 2026 on its Scheme of Arrangement to demerge Kitex Childrenswear into Kitex Garments. 99.24% of equity shareholders by value and 94.75% of public shareholders voted in favour. Unsecured creditors approved it 99.996% in favour. All requisite three-fourths majorities met. NCLT final approval still pending.
Likely market impact
Positive step for the demerger. Shareholders and creditors have cleared the scheme; next milestone is final NCLT sanction which could reshape holdings.