Outcome of Board Meeting held on 18.08.2025
Price
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The board of Kizi Apparels met on 18th August 2025 and approved multiple items. The 3rd Annual General Meeting (AGM) was scheduled for 13th September 2025 via video conferencing, with e-voting through NSDL from 10th to 12th September 2025. The board approved the appointment of Ms. Kiran Nathani (DIN: 10086860) as a new Executive Director, who will retire by rotation. M/s B B Gusani & Associates was appointed as Internal Auditor for FY 2025-26, and CS Jinang Shah was appointed as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30. The board also approved increasing the company's authorised share capital from ₹8 crore to ₹25 crore, though this still needs shareholder approval at the upcoming AGM.
The authorised capital hike from ₹8 crore to ₹25 crore suggests the company is preparing for a possible fundraising or expansion, but it will not take effect until shareholders approve it at the AGM on 13th September. The new director and auditor appointments are routine corporate governance actions with no immediate material impact on share price.