UPDATE 1-Canada's Gildan to hold special shareholder meeting in May amid investor pressure

(Updates with Browning West statement, Gildan's planned court application in paras 5-8)

Jan 29 (Reuters) - Canadian apparel maker Gildan Activewear said on Monday it would hold an annual and special shareholder meeting on May 28 amid investor pressure to replace a majority of its board members and reinstate Glen Chamandy as CEO.

The date of the meeting was set after a requisition by activist investor Browning West, which expanded its list of board candidates to eight from five and requested a special meeting to be "held without delay" to reconstitute the board to bring Chamandy back as CEO.

The company said its board constituted a special committee to look into the request for a special meeting by Browning West and agreed with the committee's recommendation to set up the meeting.

Gildan also said it would let Browning West meet new CEO Vince Tyra and requested a meeting with the investor's nominees.

Browning West, which wanted the meeting to be held in March, said Gildan was "refusing to set a timely date", noting the date announced would be nearly five months after its requisition.

Gildan also said it would file an application to the Quebec Court on Monday for a judgment that Browning West's requisition was null and void, reiterating that the activist fund's purchase of the company's shares violated U.S. anti-trust laws.

Browning West criticized Gildan's planned court application, saying "any legal action at this point only further impugns the board's credibility".

(Reporting by Annett Mary Manoj in Bengaluru; Additional reporting by Deborah Sophia; Editing by Anil D'Silva and Krishna Chandra Eluri)