NewsKizi Apparels Board Approves Receipt of 7th Tranche Consideration of ₹10,00,000 for Convertible WarrantsKizi Apparels Board Approves Receipt of 7th Tranche Consideration of ₹10,00,000 for Convertible Warrants
Kizi Apparels Limited's Board of Directors, in its meeting held on 7th May, 2026, approved the receipt of the 7th tranche consideration for Convertible Warrants issued at ₹15.50/- per warrant (face value ₹10.00/-, premium ₹5.50/-) on a preferential basis. The company received ₹10,00,000/- (Rupees Ten Lakhs Only) from allottee Mr. Raj Kumar Nathani, belonging to the Promoter/Promoter Group and public category. The disclosure was made pursuant to Regulation 30(6) of the SEBI (LODR) Regulations, 2015, and in compliance with Chapter V of the SEBI (ICDR) Regulations, 2018.
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Kizi Apparels Limited convened a Board of Directors meeting on Thursday, 7th May, 2026, at its registered office located at H-629, Phase-II, RIICO IND Area, Sitapura, Jaipur - 302022, Rajasthan, India. The meeting commenced at 3:00 P.M. and concluded at 3:30 P.M. During the meeting, the Board considered and approved the receipt of the 7th tranche of consideration for the allotment of Convertible Warrants, in compliance with the provisions of Chapter V of the SEBI (ICDR) Regulations, 2018.
Receipt of 7th Tranche Consideration
The Board's approval follows the earlier Board Meeting held on 24th March, 2026, and is pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Convertible Warrants were issued on a preferential basis to persons/entities belonging to the Promoter/Promoter Group and public category. The key details of the warrant issuance and the 7th tranche receipt are outlined below:
| Parameter: | Details |
|---|---|
| Warrant Issue Price: | ₹15.50/- per warrant |
| Face Value: | ₹10.00/- per warrant |
| Premium: | ₹5.50/- per warrant |
| Tranche Number: | 7th Tranche |
| Consideration Received: | ₹10,00,000/- (Rupees Ten Lakhs Only) |
| Allottee: | Mr. Raj Kumar Nathani |
| Category: | Promoter/Promoter Group and Public |
| Issuance Basis: | Preferential Basis |
| Regulatory Framework: | Chapter V of SEBI (ICDR) Regulations, 2018 |
Allottee and Regulatory Compliance
The company confirmed that the 7th tranche consideration of ₹10,00,000/- (Rupees Ten Lakhs Only) has been received from the allottee, Mr. Raj Kumar Nathani. The allotment of Convertible Warrants was carried out in accordance with applicable SEBI regulations governing preferential issuances. The disclosure was made to the Bombay Stock Exchange Limited in accordance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The outcome was communicated and signed by Abhishek Nathani, Managing Director (DIN: 10086861), on behalf of Kizi Apparels Limited.
Historical Stock Returns for Kizi Apparels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.97% | +3.33% | -13.36% | +11.51% | -13.65% | -36.21% |
How many more tranches of convertible warrant consideration are expected after the 7th tranche, and what is the total fundraising target for Kizi Apparels?
Once all warrant tranches are received and converted to equity, how significantly will Mr. Raj Kumar Nathani's shareholding and the promoter group's overall stake in Kizi Apparels change?
How does Kizi Apparels plan to deploy the capital raised through the convertible warrants, and could this signal an expansion in its apparel manufacturing capacity at the Jaipur facility?
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