Outcome of Board Meeting dated 11th May, 2026
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Kizi Apparels Limited's Board approved the audited standalone financial results for the half year and year ended 31st March 2026. The company reported revenue from operations of Rs. 4,263.55 Lakhs for FY2026, up 61.3% from Rs. 2,643.31 Lakhs in FY2025. Net profit for the year stood at Rs. 100.60 Lakhs compared to Rs. 85.86 Lakhs in the previous year, representing a 17.2% increase. Statutory auditors DGMS & Co. issued an Unmodified Opinion on the financial results. The board also appointed M/S B B Gusani & Associates as Internal Auditors for FY 2026-27. Additionally, the auditors confirmed that IPO proceeds were fully utilized with no deviations reported.
Strong revenue growth of 61.3% YoY indicates healthy business expansion, though the company reported negative operating cash flow of Rs. 228.91 Lakhs for the year, suggesting a gap between reported profits and actual cash generation. Unmodified audit opinion provides clean bill of health from statutory auditors.