Outcome of the Board Meeting under regulation 30 of SEBI (LODR) Regulations, 2015 for the following matters: 1. Increase in authorised share capital of the Company and 2. Issue of warrants ....
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Kizi Apparels Ltd's board, meeting on 12th February 2026, approved raising the authorized share capital from Rs. 8 crore to Rs. 11 crore (divided into 1.10 crore equity shares of Rs. 10 each). It also approved issuing up to 25,08,000 convertible warrants on a preferential basis to promoter group members (Abhishek Nathani, Kiran Nathani, Rajkumar Nathani, Suchitra Nathani — total 15 lakh warrants) and public category allottees (10,08,000 warrants). Pricing will be at or above the SEBI ICDR minimum price, with the relevant date fixed as 6th February 2026. Warrants must be converted into equity within 18 months of allotment. An EGM is scheduled on 9th March 2026 to seek shareholder approval. Post-issue, promoter holding would move marginally from 57.28% to 57.89%, while public holding would drop from 42.72% to 42.11%.
Existing public shareholders face about 32% dilution on a fully diluted basis once warrants are converted. Since promoters are taking the bulk of the warrants, control remains largely stable, but the cash infusion could strengthen the company's balance sheet for future growth — though end-use of funds is not specified in this filing.