Kitex Garments Invests ₹171.23 Cr in Subsidiary KAPL

Kitex Garments Ltd and promoter group company Kitex Childrenswear Ltd together invested Rs. 171.23 Crores in subsidiary Kitex Apparel Parks Limited.
Kitex Garments holds 70% stake in KAPL; its share of the investment is ~Rs. 119.86 Crores via conversion of advances into equity.
KAPL's paid-up capital stands at Rs. 601.79 Crores; percentage holding remains unchanged at 70% post this investment.
Investment is a related party transaction done at arm's length; no regulatory approvals required, effective March 31, 2026.