NSEScheme of Arrangement23 Jun 2026 · 23 Jun 2026, 12:39 pm
Scheme of Arrangement
Kitex Garments Limited · KITEX
✦ AI SummaryM&A
Kitex Garments Limited has announced that the National Company Law Tribunal (NCLT), Kochi Bench, has directed it to convene meetings of its equity shareholders and unsecured creditors. These meetings, scheduled for July 24, 2026, will consider and approve a Scheme of Arrangement. The scheme involves the demerger of Kitex Childrenswear Limited from Kitex Garments Limited, with details provided for remote e-voting and cutoff dates.
Analysis Scores
Earnings Impact5/10
Growth Catalyst7/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact6/10
Market Sentiment7/10
Full Announcement
Kitex Garments Limited has informed the Exchange about update on Scheme of Arrangement between Kitex Childrenswear Limited and Kitex Garments Limited and their respective shareholders and creditors (Scheme) - Notice for convening of the meetings