Proceedings of the Extra Ordinary General Meeting of the Company Kizi Apparels Limited held on 9th March, 2026
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Kizi Apparels Limited held its 8th Extra Ordinary General Meeting (EGM) on 9th March 2026 via video conferencing, starting at 3:00 PM and concluding at 3:10 PM. The meeting was chaired by Managing Director Abhishek Nathani, with all five directors and the Company Secretary in attendance, along with the Secretarial Auditor/Scrutinizer. Two resolutions were placed before members: (1) an Ordinary Resolution to increase the Authorized Share Capital and alter the Capital clause of the Memorandum of Association, and (2) a Special Resolution for the issuance of warrants convertible into equity shares to persons/entities belonging to the 'Promoter/Promoter Group and Public Category' on a preferential basis. Remote e-voting was conducted via NSDL from 5th March to 8th March 2026, with voting results to be declared within the SEBI-prescribed timeline by the Managing Director along with the Scrutinizer's Report.
The authorized share capital hike is a precursor to the proposed preferential issue of convertible warrants, which, once converted, will dilute existing shareholders' equity but also bring in fresh capital from the promoter group and public. Voting results are awaited and will clarify shareholder sentiment on the dilution and capital-raising plan.