Outcome of Board Meeting For issue of warrants on Preferential basis
Price
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On the reaction day the stock moved 19.7 pts more than Nifty Microcap 250 and 19.3 pts more than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kizi Apparels' board approved increasing authorized share capital from ₹8 crore to ₹11 crore to facilitate a preferential warrant issue of up to 25,08,000 warrants (convertible into equal number of equity shares of ₹10 face value). Promoters and promoter group will receive 15,00,000 warrants (Abhishek Nathani 5,01,000, Kiran Nathani 3,99,000, Raj Kumar Nathani 3,00,000, Suchitra Nathani 3,00,000), while 10,08,000 warrants go to public category investors including individuals, HUFs, and two private companies (Parshva Alloys and Evolvion Advisory). The issue price will be at or above the SEBI ICDR minimum price, with the relevant date set as February 6, 2026, and warrants convertible within 18 months. An EGM is scheduled for March 9, 2026, to seek shareholder approval. Post-issue promoter holding will rise marginally from 57.28% to 57.89%.
This is a dilutive capital raise via warrants, with promoter contribution indicating insider confidence, but it will slightly reduce public shareholding percentage. The actual stock price impact will depend on the final issue price relative to current market price, which is yet to be determined per SEBI norms.