Kitex Garments Limited

Kitex Garments Limited

Kitex Garments Limited's credit rating has been downgraded by India Ratings and Research (Ind-Ra) due to a significant dip in the company's profitability in FY26, mainly due to the partial absorption of US tariff-related costs, slower-than-expected ramp-up in the Warangal unit, and delays in the execution of orders. The rating downgrade reflects a sharp deterioration in the consolidated credit metrics in FY26, with net leverage expected to remain high from FY27. The Negative Outlook reflects a likely delay in the ramp-up at the new Warangal facility.

Kitex Garments Limited

Kitex Garments Limited has informed the Exchange about a credit rating downgrade by India Ratings and Research Private Limited for its bank facilities.

Kitex Garments Limited

Kitex Garments Limited has informed the Exchange about the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results were approved by the Board of Directors at its meeting held on August 14, 2026 and published in The Hindu Business Line newspaper and Chandrika newspaper on August 15, 2026. The financial results are available on the company's website.

Kitex Garments Limited

Kitex Garments Limited has informed the Exchange regarding the outcome of its Board Meeting held on August 14, 2026. The Board has approved the raising of funds by issuing equity shares, non-convertible debentures along with warrants, or any other eligible securities convertible into equity shares, for an aggregate amount not exceeding 3,000 Crores. The terms of the issue will be determined by the Board or a committee constituted for the purpose.

Kitex Garments Limited

Kitex Garments Limited has informed the Exchange about Fund Raising, the company plans to raise up to 3,000 Crores through issuance of equity shares, non-convertible debentures along with warrants, or any other eligible securities convertible into equity shares of the Company.

Kitex Garments Limited

Kitex Garments Limited has submitted its unaudited financial results for the quarter ended June 30, 2026, along with a Limited Review Report. The company has also approved a plan to raise funds by issuing equity shares, non-convertible debentures, and warrants, up to Rs. 3,000 Crores.

Kitex Garments Limited

Kitex Garments Limited has informed the Exchange about the voting results of the Scheme of Arrangement between Kitex Childrenswear Limited and Kitex Garments Limited, which was approved by the majority of equity shareholders and unsecured creditors.

Kitex Garments Limited

Kitex Garments Limited has informed the Exchange about the proceedings of the meeting of equity shareholders and unsecured creditors held on July 24, 2026, pursuant to the order of Hon'ble NCLT, for considering the Scheme of Arrangement between Kitex Childrenswear Limited and Kitex Garments Limited and their respective shareholders and creditors.

Kitex Garments Limited

Kitex Garments Limited has informed the Exchange about an update on the Scheme of Arrangement between Kitex Childrenswear Limited and Kitex Garments Limited and their respective shareholders and creditors. An addendum to the notice of meeting of equity shareholders has been attached, which includes additional information submitted by the company to National Stock Exchange of India Limited (NSE) as per Annexure M of the NSE checklist.

Kitex Garments Limited

Kitex Garments Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018, confirming that dematerialization requests received during the quarter ended June 30, 2026 have been given effect within the stipulated time limit.

Kitex Garments Limited

Kitex Garments Limited has informed the Exchange regarding 'Reconstitution of Committees of Board of Directors'. The Board of Directors has reconstituted the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee with effect from June 30, 2026.

Kitex Garments Limited

Kitex Garments Limited has informed the Exchange regarding Change in Auditors of the company. The Board of Directors has approved the appointment of K. Venkatachalam Aiyer & Co, Chartered Accountants as Internal Auditor of the Company for the FY 2026-2027.

Kitex Garments Limited

Kitex Garments Limited has appointed Mr. Bijoy Philipose as a Non-Executive Independent Director, effective June 30, 2026.

Kitex Garments Limited

Kitex Garments Limited has informed the Exchange about the transfer of shares to the Investor Education and Protection Fund (IEPF) as per the requirements of Section 124(6) of the Companies Act, 2013.

Kitex Garments Limited

Kitex Garments Limited has closed its trading window for insiders due to the upcoming announcement of unaudited financial results for the quarter ended June 30, 2026.

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.