Kitex Garments Limited (BSE: 521248, NSE: KITEX), a leading player in the garment manufacturing sector, has announced that its Board of Directors will convene on Friday, November 22, 2024. The agenda includes a proposal to declare and recommend bonus equity shares, subject to shareholder approval.
The meeting aligns with Regulation 29(1) of SEBI’s (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kitex Garments aims to strengthen its shareholder value with this proposal, pending approval.
To ensure compliance with SEBI’s Prohibition of Insider Trading Regulations, 2015, Kitex has implemented a trading window closure for all designated persons and their immediate relatives. The trading window will remain closed from November 19, 2024, until 48 hours after the Board announces its decision.
