Kitex Garments Limited Independent Director Resigns, Citing Personal Reasons
Kitex Garments Limited has confirmed that Mr. Chenakkott Philipose, an Independent Director of the company, has tendered his resignation. The change is effective from the close of business hours on June 06, 2026.The resignation was submitted due to personal reasons, and consequently, Mr. Philipose will cease to be a member or chairperson of any Board Committee within Kitex Garments Limited.
The company conveyed its sincere appreciation for the valuable contribution and guidance provided by Mr. Chenakkott Philipose during his association with Kitex Garments as an Independent Director.
The resignation letter confirmed that there are no material reasons for the departure other than those previously disclosed. Furthermore, he has confirmed that he holds no directorships in any other listed entities.
Key details regarding the change in directorial composition:
| Detail | Information |
|---|---|
| Resigning Director | Mr. Chenakkott Philipose (Independent Director) |
| Cessation Date | June 06, 2026 |
| Reason for Resignation | Personal reasons |
| Committee Status | Ceases to be a member of any Board Committee |
KITEX Stock Price Movement
On Friday, shares of Kitex Garments Limited edged higher, closing at ₹165.26 after gaining 0.32%. The stock traded a total volume of 733,194 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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