Kizi Apparels Limited appointed Raj Kumar Nathani as an Additional Non-Executive Director effective October 16, 2026. The appointment follows the resignation of Ajay Mishra and includes a reconstitution of key board committees.

The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee. The decision was taken during a meeting held on Friday, October 16, 2026, which commenced at 4:00 pm and concluded at 5:00 pm. Mr. Nathani’s appointment is subject to shareholder approval in accordance with regulatory requirements.

Board composition changes

The company disclosed that Ajay Mishra resigned from his position as Non-Executive Non Independent Director with effect from the close of business hours on October 13, 2026. His resignation stemmed from increased professional commitments and time constraints. Consequently, Mishra ceased to be a member of the Nomination and Remuneration Committee and Chairman of the Stakeholders Relationship Committee. The resignation letter confirmed that there were no other material reasons for his departure.

Mr. Nathani brings over 35 years of experience in the textile industry. He has extensive practical knowledge of the textile trade and greige fabric manufacturing processes. Previously, he operated a proprietorship business engaged in greige fabric production through job-work arrangements with loom operators.

Committee reconstitution details

The Board approved the reconstitution of the Stakeholders Relationship Committee and the Nomination and Remuneration Committee effective October 16, 2026. The new committee structures are outlined below:

Stakeholders Relationship Committee

Nomination and Remuneration Committee

Governance and relationships

Mr. Nathani is the father of Abhishek Nathani, the Managing Director of Kizi Apparels, and the father-in-law of Kiran Nathani, an Executive Director. He is not debarred from accessing capital markets or holding office as a director by any order of the Securities and Exchange Board of India (SEBI) or other authorities. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kizi Apparels concluded its fourth annual general meeting on September 18, 2026, with shareholders unanimously approving the adoption of standalone financial results for the year ended March 31, 2026.

The Board’s report and statutory auditor’s report contained no qualifications or adverse remarks. The meeting was held via video conferencing.

Key Resolutions Passed

Shareholders approved ordinary resolutions for the adoption of financials and the reappointment of Mr. Abhishek Nathani as Managing Director. He retires by rotation but remains eligible for re-election. Approval was also granted for material related-party transactions for FY27.

Voting Results

The scrutinizer’s report filed with BSE Limited indicates that out of 324 shareholders on the record date of September 11, 2026, only 20 members voted. All three resolutions received 100% support from the votes cast.

Total votes polled stood at 53,45,300, representing 52.8% of the outstanding shares held by eligible shareholders. No votes were cast against any resolution, and there were no invalid votes or abstentions.

Participation Breakdown

Promoters and the promoter group held 60,02,800 shares and cast 45,02,300 votes, accounting for approximately 84% of the total votes polled. This reflects a participation rate of 75% among promoter-held shares.

Public non-institutional shareholders held 41,20,400 shares but cast only 8,43,000 votes, resulting in a participation rate of roughly 20.5%. Public institutional shareholders did not participate in the voting process.

Governance and Compliance

The statutory audit was conducted by M/s. D G M S & Co., while M/s. Jinang Shah & Associates served as the secretarial auditor and scrutinizer. The Company Secretary confirmed that e-voting commenced on September 15, 2026, and closed on September 17, 2026, in compliance with SEBI Listing Regulations.

Chairman and Managing Director Abhishek Nathani addressed members on industry trends and company performance for FY25-26. No specific financial figures were disclosed during the proceedings.