Kitex Garments Limited

Kitex Garments Limited

Kitex Garments Limited has informed about the publication of newspaper notices for convening meetings of its equity shareholders and unsecured creditors. These meetings are mandated by an order from the Hon'ble National Company Law Tribunal, Kochi Bench, and relate to a Scheme of Arrangement between Kitex Childrenswear Limited and Kitex Garments Limited, along with their respective shareholders and creditors, under Sections 230 to 232 of the Companies Act, 2013. This signifies a procedural step in a broader corporate restructuring process.

Kitex Garments Limited

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.

Kitex Garments Limited

Kitex Garments Limited has submitted a disclosure to the Exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation pertains to the disclosure of encumbered shares by promoters. The announcement itself is a procedural compliance filing, indicating that the company is adhering to regulatory requirements regarding promoter shareholdings and any related encumbrances or releases.