Kitex Garments has cleared a proposal to generate as much as ₹3,000 crore via Qualified Institutional Placement (QIP) or other allowed methods, pending necessary clearances. For the first quarter of FY27, the company's consolidated revenue dropped by 19.46 percent compared to the previous year, reaching ₹158.43 crore. Additionally, the firm posted a net loss of ₹17.12 crore, a shift from the ₹19.30 crore profit recorded in the same quarter last year.

by shortkt.com✓

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