Date: August 14, 2026
Board Meeting Outcomes
The Board of Directors of Kitex Garments Limited, at its meeting held on Friday, August 14, 2026, considered and approved the following:
- Raising of funds for an aggregate amount not exceeding ₹3,000 Crores (Rupees Three Thousand Crores only)
- The funds will be raised through issuance of equity shares, non-convertible debentures along with warrants, any other eligible securities convertible into equity shares of the Company, or any combination thereof
- The fundraising will be conducted through permissible modes including Qualified Institutional Placement (QIP) or through any other permissible mode and/or combination thereof
- The issuance may be done in one or more tranches
Fundraising Details
Type of Securities: Equity Shares, non-convertible debentures along with warrants, any other eligible securities convertible into Equity Shares of the Company, or any combination thereof
Mode of Issuance: Qualified institutional placements (QIP) in accordance with Chapter VI of SEBI (ICDR) Regulations, 2018, Section 42 and other applicable provisions of the Companies Act, 2013, or through any other permissible mode and/or combination thereof
Total Amount: Up to an aggregate amount not exceeding ₹3,000 Crores or an equivalent amount thereof (inclusive of such premium as may be fixed on such Securities)
Pricing: At such price or prices as may be permissible under applicable law in one or more tranches
Approvals Required: Subject to regulatory/statutory approvals as may be required and the approval of shareholders of the Company
Terms Determination: The terms of the issue will be determined by the Board or any Committee constituted for this purpose, at an appropriate time
Company Contact
Dayana Joseph - Company Secretary & Compliance Officer