Outcome of Board Meeting held on 21st May, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kizi Apparels Ltd's Board of Directors met on 21st May, 2026 and approved the receipt of Rs. 7,39,150 (approximately Rs. 7.39 lakh) as the 11th tranche of consideration for convertible warrants. The warrants were issued at Rs. 15.50 each (including Rs. 5.50 premium over Rs. 10 face value) on a preferential basis to Ms. Kiran Nathani, who falls under the Promoter/Promoter Group or public category. This is an ongoing warrant conversion process with multiple tranches being received over time. The warrant holder will have the option to convert these warrants into equity shares at a later date.
The receipt of warrant consideration brings in capital but may lead to equity dilution when these warrants are eventually converted into shares. Existing shareholders should be aware of potential dilution impact.