Kitex Garments: Shareholders, Creditors Approve Scheme of Arrangement

Kitex Garments Limited announced the voting results for the NCLT-convened meetings of its Equity Shareholders and Unsecured Creditors held on July 24, 2026. The meetings were conducted via Video Conference to consider and approve a Scheme of Arrangement between Kitex Childrenswear Limited (Demerged Company) and Kitex Garments Limited (Resulting Company) and their respective shareholders and creditors, as per the Companies Act, 2013. Both remote e-voting (July 20-23, 2026) and e-voting at the meeting were facilitated. The proposed resolution approving the Scheme was passed by the requisite majority of equity shareholders, representing three-fourth in value of those who voted, with public equity shareholders' votes in favor exceeding those against. Similarly, the resolution was also passed by a majority of unsecured creditors, representing three-fourth in value of those who voted. The scrutinizer's reports and detailed voting results have been submitted and are available on the company's website.