Shareholders and creditors approve Kitex Childrenswear demerger scheme

Scheme filed with the NCLTStrategic 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

-1.1%Reaction day

₹147.20

prior close

₹147.00

announcement price

After-mkt

timing

Nifty Microcap 250market-1.3%+0.1% vs market

Garments & Apparels peers, median of 37sector-0.3%-0.8% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.8 pts less 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

+0.2

10m

-0.3

15m

-0.2

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1-1.3+0.1-0.3-0.8

Next day

-0.7-0.8+0.1-0.6-0.1

-1.2-1.4+0.2+0.1-1.3

-0.7-0.3-0.4-0.3-0.5

-1.5+1.0-2.5+0.4-1.9

-0.8+1.5-2.3+0.0-0.8

-1.3+3.1-4.4+0.3-1.6

15d

-12.5+4.1-16.6-2.0-10.5

-13.0+4.8-17.7+0.0-13.0

-21.2+3.1-24.3-6.1-15.1

-23.4-3.6-19.8-14.8-8.6

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 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.