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 Directors of Kizi Apparels Ltd approved the receipt of Rs. 23,92,500/- as the 4th tranche of consideration for convertible warrants issued on a preferential basis. The warrants were issued at Rs. 15.50 each, comprising a face value of Rs. 10/- and a premium of Rs. 5.50/-. The allottees include Mr. Abhishek Nathani (Rs. 3,00,000/-) and Ms. Suchitra Nathani (Rs. 20,92,500/-), both belonging to the Promoter/Promoter Group category. The warrant issuance is in compliance with SEBI ICDR Regulations, 2018.
The company has received warrant consideration capital from promoter group members. Shareholders should note potential equity dilution in the future when these convertible warrants are exercised into equity shares.