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Kitex Garments Limited was incorporated in 1992 and is promoted by Mr. Sabu M Jacob. The company exports cotton and organic cotton garments especially infant wear to US and European markets
Kitex Garments' 34th AGM is on September 25, 2026. September 18, 2026 is the record date for the dividend for FY2025-26. The dividend, if approved by shareholders, will be paid within 30 days of the AGM.
Kitex Garments' Board approved raising up to ₹3,000 Cr. Funds may be secured through equity, debentures, or other securities, including Qualified Institutional Placement (QIP) or alternative permissible modes.
Kitex Garments' shareholders and unsecured creditors overwhelmingly approved the demerger scheme with Kitex Childrenswear. Equity shareholders representing 13.08 Cr votes and unsecured creditors with 17.19 Cr votes supported the arrangement. This strategic restructuring moves forward.
Kitex Garments held meetings with equity shareholders and unsecured creditors to consider and approve a Scheme of Arrangement with Kitex Childrenswear Limited. This aims to streamline operations through a corporate restructuring plan.
Kitex Garments is consolidating its textile business units, including infant wear manufacturing from a group company, to boost growth and efficiency. This restructuring will create a larger, more focused entity, with new shares issued.