Outcome of Board Meeting held on 9th June, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board of Kizi Apparels Ltd, at its meeting held on June 9, 2026, approved the receipt of the 15th tranche of consideration towards the allotment of Convertible Warrants on a preferential basis. The warrants were issued at Rs. 15.50 each, comprising a face value of Rs. 10 and a premium of Rs. 5.50, to persons belonging to the Promoter/Promoter Group and public category, in line with SEBI ICDR Regulations. The company received Rs. 5,85,850 from allottee Abhishek Nathani (Managing Director) towards this tranche.
This is a routine update on an ongoing preferential warrant issue — no new dilution event here, as this is just the latest tranche of payment for warrants already approved earlier. Shareholders may note that warrants allotted to the promoter group are being progressively funded, which could lead to equity dilution upon eventual conversion.