Outcome of Board Meeting held on 12th February, 2026
Price
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Awaiting price reaction for this filing.
Kizi Apparels' board, meeting on February 12, 2026, approved two main items. First, increasing the authorised share capital from Rs. 8 crore (80 lakh equity shares of Rs. 10 each) to Rs. 11 crore (1.10 crore equity shares). Second, issuing up to 25,08,000 convertible warrants on a preferential basis to promoter, promoter group and select public investors, to be converted into equal number of equity shares of Rs. 10 face value within 18 months. About 15 lakh warrants (roughly 60%) are going to promoters and promoter group entities, while around 10 lakh go to public category allottees including individuals and two private companies. The exact issue price is not fixed yet — it will be at the minimum price computed per SEBI ICDR rules, with February 6, 2026 as the relevant date. An EGM is scheduled for March 9, 2026 to seek member approval. If fully subscribed, total share count rises from about 78.2 lakh to 103.3 lakh shares, a roughly 32% expansion.
This is a fund-raising exercise via preferential warrants that will dilute existing public shareholders by around 32% on a fully diluted basis. Promoter participation signals some insider confidence, but the public holding share slips marginally from 42.72% to 42.11%. The actual price (and hence whether the issue is at a discount to market) will determine the real impact on the stock; until then, expect the counter to trade with some overhang from the dilution.