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Kitex Garments Limited has announced a board meeting focused on seeking shareholder approval through a postal ballot for two key resolutions: the issuance of bonus shares and enhancing the company's capacity to make investments, grant loans, and provide guarantees up to ₹3000 crore. The bonus shares, valued at ₹13.3 crore, will be allotted in a 2:1 ratio, benefiting shareholders by increasing their equity stake. The e-voting process will be open from November 30 to December 29, 2024. This move is likely to enhance investor sentiment, as the bonus issue supports capital restructuring while providing growth opportunities through expanded financial capacity.