Outcome of Board Meeting held on 7th May, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kizi Apparels Ltd's Board of Directors, in their meeting on 7th May 2026, approved and confirmed receipt of the 7th tranche of consideration for allotment of Convertible Warrants. The warrants were issued at Rs. 15.50 per warrant (face value Rs. 10 plus premium Rs. 5.50), on a preferential basis to promoter/promoter group and public category shareholders. The company received Rs. 10,00,000 (Rs. 10 lakhs) from allottee Mr. Raj Kumar Nathani in this tranche. This follows the earlier board meeting dated 24th March 2026 where the warrant issuance was likely approved. The warrants are being allotted in multiple tranches as per Chapter V of SEBI (ICDR) Regulations, 2018.
The receipt of warrant consideration in tranches indicates ongoing capital infusion into the company. For shareholders, this represents dilution potential as convertible warrants can eventually convert into equity shares. The participation by promoter group (Mr. Raj Kumar Nathani) signals continued commitment from insiders.