Kitex Garments Limited

@Shikhar Thanks for collating the questions to be asked in AGM. Please find my questions below

  1. In the recent interview, Mr Sabu mentioned that there are tie-ups already in place with customers and hence they are increasing production by 3.5x? Can we get more details about these tie-ups? Will KGL directly deal with it? Or through Kitex USA LLC? Or through the 2 new subsidiaries which are proposed to be created?

  2. What is the logic of creating 2 new subsidiaries? Can’t further business be done through KGL or Kitex USA LLC itself?

  3. What are plans of listing KCL? Are the earlier proposed timelines still valid?

  4. Last year in the AGM it was mentioned that automation efforts failed. Has there been more efforts this year done for automation and what are future plans about the same? Are the newly proposed factories in Karnataka/Orissa/AP/Kerala going to be more automated or is it going to be labour intensive?

  5. When can we expect concrete plans on new plants? Also what is the utilization of current capacity and is there further scope for increasing capacity in the current KGL Kerala campus.

Disc: Invested.

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