Kitex Garments Limited has provided clarification to BSE regarding the recent surge in its share trading volume, attributing the increased activity to positive market sentiment following a significant US Supreme Court ruling on trade tariffs.

BSE Inquiry and Company Response

The company responded to BSE's surveillance inquiry dated February 24, 2026, which sought clarification on the unusual increase in trading volume across exchanges. In its official communication, Kitex Garments identified specific factors contributing to the heightened investor interest.

Impact of US Tariff Changes

The company explained that tariff hikes implemented by the United States had been negatively impacting the Indian capital market, particularly affecting export-oriented companies. Kitex Garments highlighted its significant exposure to US market dynamics through the following details:

Supreme Court Ruling Creates Positive Sentiment

The key development driving the volume surge was the US Supreme Court ruling that struck down broad Trump-era tariffs imposed via executive orders. This judicial decision has created several positive outcomes for the textile export sector:

• Easing of trade uncertainties for Indian textile exporters
• Positive expectations for export-oriented companies
• Market optimism regarding improved trade dynamics
• Enhanced investor confidence in companies with significant US exposure

Company's Disclosure Commitment

Kitex Garments emphasized its commitment to transparency and regulatory compliance in its communication to BSE. The company stated that it remains unaware of any other information that could have contributed to the share volume movement.

The management reaffirmed its dedication to timely disclosure practices, stating that it has consistently made appropriate disclosures under Regulation 30 of the Listing Regulations in the past and will continue to disseminate any price-sensitive information that may impact share price or trading volume.

Regulatory Compliance

The clarification was signed by Company Secretary and Compliance Officer Dayana Joseph on February 24, 2026, demonstrating the company's prompt response to regulatory inquiries and commitment to maintaining transparent communication with stakeholders and exchanges.

Kitex garments Limited has scheduled a Board of Directors meeting for February 13, 2026, to review and approve the company's quarterly financial performance. The meeting will focus on considering the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.

Board Meeting Details

The company has formally notified both stock exchanges about the upcoming Board meeting in accordance with regulatory requirements. The meeting is scheduled to take place on Friday, February 13, 2026, where directors will deliberate on the third quarter financial results of FY26.

Trading Window Restrictions

In compliance with insider trading prevention measures, Kitex Garments has implemented a trading window closure for its securities. The restriction period began on January 01, 2026, and will continue until 48 hours after the Board meeting outcomes are made publicly available.

The trading window closure aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct for Prevention of Insider Trading. This measure ensures fair market practices and prevents any potential misuse of unpublished price-sensitive information.

Regulatory Compliance

The Board meeting notification has been issued under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both BSE Limited and National Stock Exchange of India Limited have been formally informed about the scheduled meeting through official communication dated February 06, 2026.

The company secretary and compliance officer, Dayana Joseph, has signed the official notification, ensuring proper documentation and regulatory adherence. This formal communication demonstrates the company's commitment to maintaining transparency and following prescribed disclosure norms for listed entities.