StockWatch
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Garments & Apparels
Business Update10 Jul 2026, 07:20 pm

Kitex Garments Files Addendum for Scheme of Arrangement Meeting

AI Summary

Kitex Garments Limited has filed an addendum to the notice for a meeting of its equity shareholders concerning a Scheme of Arrangement with Kitex Childrenswear Limited. This addendum, issued as per the directions of the National Company Law Tribunal (NCLT), Kochi Bench, provides additional information related to the scheme, specifically details on assets, liabilities, revenue, and net worth submitted to the NSE. The meeting is scheduled for July 24, 2026, via Video Conferencing to consider the proposed arrangement. The cut-off date for shareholders eligible to receive the notice was May 29, 2026.

Key Highlights

  • Addendum filed for Scheme of Arrangement meeting with Kitex Childrenswear.
  • Meeting to consider the scheme is scheduled for July 24, 2026.
  • Additional financial details submitted to NSE are provided.
  • NCLT directions followed for the notice and addendum.
  • Scheme involves arrangement between Kitex Garments and Kitex Childrenswear.