Outcome of Board Meeting held on 29th May, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kizi Apparels' board approved the receipt of the 13th 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 promoter and public categories. The company received Rs. 10,04,850 (approximately Rs. 10.05 lakh) from allottee Parshva Alloys Private Limited. The meeting lasted one hour.
This is a routine milestone in the warrant exercise process. The receipt of tranche consideration indicates ongoing warrant holder commitment. The warrant price of Rs. 15.50 is significantly above the face value, which is positive for future equity conversion.