Outcome of Board Meeting held on 18th May, 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 receipt of Rs. 23,40,000 (approximately Rs. 23.4 lakh) as the 10th tranche of consideration for convertible warrants. The warrants were issued at Rs. 15.50 each (including Rs. 5.50 premium and Rs. 10 face value) on a preferential basis to Mr. Abhishek Nathani and Ms. Kiran Nathani. The meeting was held on 18th May 2026 and lasted 30 minutes. This is part of an ongoing warrant allotment program under Chapter V of SEBI (ICDR) Regulations, 2018, covering both Promoter/Promoter Group and public categories.
The receipt of warrant consideration brings in capital for the company. Shareholders should note that eventual conversion of these warrants will dilute equity. The Promoter group's participation (Mr. Abhishek Nathani is also Managing Director) indicates continued support.