Submission of Voting Result for the Extra Ordinary General Meeting of the Company held on 9th March, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kizi Apparels Limited held its 8th EGM on 9th March 2026 via video conferencing, where shareholders approved two key resolutions. The first resolution (ordinary) was to increase the authorized share capital and alter the Capital Clause of the Memorandum of Association — passed with 100% approval, with 52,76,700 votes cast in favor by 21 members. The second resolution (special) was to issue convertible warrants to persons from the promoter, promoter group, and public category on a preferential basis — passed with 99.23% approval (7,68,400 votes in favor out of 7,74,400 polled), with just 6,000 votes (0.78%) against it. Four promoter family members (Abhishek Nathani, Kiran Nathani, Suchitra Devi Nathani, and Raj Kumar Nathani) abstained from voting on the warrant resolution as interested parties. Out of 332 total shareholders on the record date of 27 February 2026, 11 attended the meeting through video conferencing.
The authorized capital increase clears the way for a potential equity dilution through the preferential warrant issue, which may lead to share price pressure once the warrants are converted. Since promoter group members are among the allottees, this signals capital infusion by the promoter family alongside possible dilution for existing public shareholders.