Purpose of the meeting has been revised
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Kizi Apparels has revised the agenda for its Board Meeting scheduled on 18 August 2025. The original agenda covered routine AGM-related items like approving the 3rd AGM notice, the Annual Report for FY25, re-appointment of Ms. Kiran Nathani (retiring by rotation), appointment of a Secretarial Auditor, and engaging NSDL for remote e-voting. The revised agenda adds two items: a proposal to increase the Authorised Share Capital (with corresponding amendment to the Capital Clause of the Memorandum of Association) and approval of Material Related Party Transactions for FY 2025-26.
The authorised share capital hike could potentially lead to dilution for existing shareholders if new shares are eventually issued. Material related party transactions will require shareholder approval at the upcoming AGM, so shareholders should review these transactions carefully before voting.