Proceedings of Extra Ordinary General Meeting of the company held on 9th March, 2026
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Kizi Apparels held its 8th EGM on 9th March 2026 via video conferencing, chaired by Managing Director Abhishek Nathani. Two key resolutions were placed before shareholders: (1) an Ordinary Resolution to increase the authorized share capital and amend the Capital Clause in the Memorandum of Association, and (2) a Special Resolution to issue warrants convertible into equity shares on a preferential basis to the promoter/promoter group and public category. E-voting was conducted through NSDL from 5th to 8th March 2026, and results will be declared by the Managing Director along with the Scrutinizer's Report. The meeting itself lasted only 10 minutes, and no detailed operational or financial figures were disclosed in the proceedings.
The proposed preferential warrant issue is a capital-raising move that will dilute existing shareholders once the warrants are converted into equity. The authorized capital hike is essentially a step to make room for this new issuance. Retail investors should track the forthcoming voting results and the terms of the warrant issue (issue price, number of warrants, and identity of allottees) for a clearer picture of dilution and fund-raising intent.