Outcome of Board Meeting held on 15th May,2026
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Kizi Apparels Ltd's Board of Directors met on 15th May 2026 and approved the receipt of Rs. 12,65,000 (approximately Rs. 12.65 lakh) as the 9th tranche of consideration for convertible warrants. The warrants were originally issued at Rs. 15.50 each (face value Rs. 10 plus premium Rs. 5.50) on a preferential basis to Mr. Rajkumar Nathani. The meeting lasted about 45 minutes. This is part of an ongoing warrant issuance programme where the company is receiving payment in tranches from the allottee.
The receipt of warrant consideration indicates ongoing capital inflow, but warrants remain unconverted. Shareholders should monitor for eventual conversion into equity shares, which would dilute existing holdings.