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 14 horizons · vs prior close
-0.7%1-day move
₹147.20
prior close
₹147.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2-0.3-0.2-0.5-0.7-1.2-0.7-1.5-0.8-1.3-12.5-13.0——
Up moveDown movePending
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.