Outcome of Board Meeting held on 05th June, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Kizi Apparels Ltd approved the receipt of the 14th tranche of consideration for allotment of Convertible Warrants on a preferential basis. The warrants were originally issued at Rs. 15.50 each, comprising a face value of Rs. 10 and a premium of Rs. 5.50. The company received Rs. 26,30,850 (approx. Rs. 26.31 lakhs) from allottees Abhishek Nathani and Evolvion Advisory Private Limited, who belong to the Promoter/Promoter Group and public category. The allotment is being done in compliance with SEBI ICDR Regulations, 2018.
This is a routine tranche-based allotment of previously issued convertible warrants, bringing in additional capital of around Rs. 26.31 lakhs. Since these warrants were issued earlier on a preferential basis, today's announcement triggers the conversion into equity shares over time, which may lead to dilution for existing shareholders.