With reference to the Board Meeting held on 24th March, 2026 and pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby ....
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The board of Kizi Apparels approved the receipt of the 3rd tranche of consideration for Convertible Warrants issued on a preferential basis. The warrants were priced at Rs. 15.50 each (Rs. 10 face value plus Rs. 5.50 premium). The company received Rs. 18,43,650 in this tranche from three allottees: Mr. Abhishek Nathani (Rs. 6,00,000), Mr. Raj Kumar Nathani (Rs. 4,95,000), and Mr. Surinder Goel (Rs. 7,48,650). The allottees belong to the promoter/promoter group and public category. This is a follow-up tranche payment toward the earlier preferential warrant issue approved on 24th March 2026.
This indicates ongoing progress in capital raising through warrant exercise, with promoter and public participation, which may lead to equity dilution upon warrant conversion. The small size of the tranche suggests limited immediate impact on share price.