Kitex Garments Share Price Today

Kitex Garments approves QIP and dividend; institutions vote against capital raise

Shareholders approved QIP and ₹0.50 dividend at 34th AGM. Institutional investors voted 99.55% against the QIP proposal. Promoters voted 100% in favour of all major resolutions. Institutions opposed FY26 financial statements with 80.73% dissent.

Kitex Garments sets September 25 date for 34th AGM and dividend record

Kitex Garments schedules its 34th AGM for September 25, 2026. The meeting will be held via Video Conferencing or Other Audio Visual Means. Record date for final dividend entitlements is fixed at September 18, 2026. Remote e-voting opens on September 22 and closes on September 24, 2026.

Kitex Garments Q1FY27 standalone profit falls 48% to ₹111.6 crore

Kitex Garments reported a sharp decline in standalone profitability for Q1FY27, with net profit falling 57% YoY to ₹111.6 crore. Revenue contracted by 36% to ₹12,895.7 lakh. On a consolidated basis, the company posted a net loss of ₹171.2 crore, reversing the prior year's profit of ₹193.0 crore. The results reflect pressure on both volume and margins.

Kitex Garments secures shareholder and creditor approval for demerger scheme

Kitex Garments secured critical approvals for its demerger scheme from both equity shareholders and unsecured creditors on July 24, 2026. The resolution saw near-unanimous support, with 99.99% of shareholder votes and 99.98% of creditor votes in favor. This milestone allows the company to seek final sanction from the NCLT Kochi Bench to implement the separation of its childrenswear business.

Kitex Garments addendum details scheme financial projections

Kitex Garments Limited filed an addendum to its notice for the July 24, 2026, shareholder meeting concerning the scheme of arrangement with Kitex Childrenswear Limited. The document outlines financial projections, with Kitex Garments' revenue expected to grow to ₹2,460 crore and PAT to ₹738 crore by FY30. The transaction will alter the shareholding structure, increasing promoter holding to 59.46% and reducing public shareholding to 29.65%.

Kitex Garments appoints Bijoy Philipose as Independent Director

Kitex Garments has appointed Mr. Bijoy Philipose as a Non-Executive Independent Director effective June 30, 2026, for a five-year term subject to shareholder approval. The Board confirmed his independence under the Companies Act, 2013 and SEBI regulations.