Kitex Garments will convene meetings for its equity shareholders and unsecured creditors on July 24, 2026, to seek approval for a scheme of arrangement involving the demerger of Kitex Childrenswear. The meetings, mandated by the National Company Law Tribunal (NCLT), Kochi Bench, will be held via video conferencing or other audio visual means to facilitate the consideration of the demerger scheme under Sections 230 to 232 of the Companies Act, 2013.

The equity shareholders' meeting is scheduled for 11:00 A.M. on July 24, 2026, followed by the unsecured creditors' meeting at 02:30 P.M. on the same day. The scheme proposes the demerger of Kitex Childrenswear Limited (Demerged Company) and Kitex Garments Limited (Resulting Company), requiring approval from both stakeholder groups to proceed.

Remote e-voting for both meetings will commence on July 20, 2026, at 9:00 A.M. and conclude on July 23, 2026, at 5:00 P.M. Eligibility to vote is determined by specific cut-off dates: equity shareholders whose names appear in the register of members or beneficial owners as of July 17, 2026, are entitled to vote. Unsecured creditors must be included in the company's list as of March 31, 2026, to participate.

Voting rights for equity shareholders will be proportional to their shareholding in the paid-up equity share capital as of the cut-off date. For unsecured creditors, voting rights are proportionate to the outstanding amount due to the company as of the close of business hours on March 31, 2026.

Notices containing the explanatory statement and relevant annexures have been dispatched to shareholders and creditors via email and post. The documents are also accessible on the company's website and through specific links provided for each meeting type. Newspaper advertisements regarding the meetings were published in The Hindu Business Line and Mathrubhumi on June 23, 2026.

Independent Director Mr. Chenakkott Philipose Philipose resigned from Kitex Garments Limited on June 06, 2026, due to personal reasons. The resignation, effective from the close of business hours on the same day, was communicated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Consequently, Mr. Philipose has ceased to be a member and chairperson of all committees of the Board.

The Board of Directors placed on record its appreciation for the valuable contribution and guidance provided by Mr. Philipose during his tenure. In his resignation letter, he confirmed that there are no other material reasons for his departure other than those cited. The disclosure was made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Resignation Details

The following table outlines the key particulars regarding the cessation of the director's role:

Mr. Philipose holds Director Identification Number (DIN) 01125157. The company has requested the exchanges to take the resignation on record.