KITEX GARMENTS LTD Latest Updates

Telangana Production Commencement: The company's subsidiary, Kitex Apparel Parks Limited, has officially commenced commercial production at its new manufacturing unit in the Warangal district of Telangana. This facility is designed to produce 1.1 million pieces of ready-made children's wear per day. Expansion Strategy and Capacity: The Warangal unit is a major step in the company's expansion outside Kerala, with plans to reach full capacity in the coming months. A second integrated plant is planned for Sitarampur, near Hyderabad, with an expected capacity of 1.2 million pieces per day, though land registration for this second unit is currently facing administrative delays. Domestic Market Entry: Kitex Garments has launched its "Little Star" brand, previously exclusive to the USA, in the Indian domestic market. This move is part of a strategy to diversify revenue streams and reduce dependence on exports to the US market, with a target of ₹1,000 crore annual revenue from the domestic market within the next few years. Corporate Approvals and Financials: Shareholders approved the re-appointment of a Whole-Time Director and the appointment of a new Independent Director. The company had previously reported strong financial results for the fiscal year ended March 31, 2025, with significant growth in revenue, EBITDA, and net profit. Demerger Update: The Scheme of Arrangement for the demerger of the Textile Business Division is underway, with the company providing corrections and details regarding the demerger disclosure, including a proposed share allocation ratio.