Kizi Apparels Board Approves Receipt of 8th Tranche Consideration for Convertible Warrants
Kizi Apparels Limited's Board of Directors, at its meeting held on 12th May, 2026, approved the receipt of the 8th tranche consideration for Convertible Warrants issued at ₹15.50/- each (face value ₹10.00/-, premium ₹5.50/-) on a preferential basis. The company received ₹25,99,650/- (Rupees Twenty-Five Lakhs Ninety-Nine Six Hundred Fifty Only) from allottees Ms. Kiran Nathani, Mr. Abhishek Nathani, and Surinder Goel HUF. The warrants were issued under Chapter V of the SEBI (ICDR) Regulations, 2018, to persons belonging to the Promoter/Promoter Group and public category.
*this image is generated using AI for illustrative purposes only.
Kizi Apparels Limited convened a Board of Directors meeting on Tuesday, 12th May, 2026, at its registered office located at H-629, Phase-II, RIICO Industrial Area, Sitapura, Jaipur - 302022, Rajasthan. The meeting commenced at 3:30 P.M. and concluded at 4:00 P.M., during which the board considered and approved the receipt of the 8th tranche of consideration for the allotment of Convertible Warrants.
Receipt of 8th Tranche Consideration
The board's approval pertains to Convertible Warrants issued under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, on a preferential basis. The warrants were allotted to persons/entities belonging to the Promoter/Promoter Group and public category, in compliance with applicable regulatory provisions. This development follows a reference to the earlier Board Meeting held on 24th March, 2026, and has been disclosed pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Warrant Issuance Details
The key parameters of the Convertible Warrant issuance and the 8th tranche consideration 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: | 8th Tranche |
| Consideration Received: | ₹25,99,650/- |
| Allotment Basis: | Preferential |
| Regulatory Framework: | Chapter V, SEBI (ICDR) Regulations, 2018 |
Allottees
The consideration of ₹25,99,650/- (Rupees Twenty-Five Lakhs Ninety-Nine Six Hundred Fifty Only) was received from the following allottees:
- Ms. Kiran Nathani
- Mr. Abhishek Nathani
- Surinder Goel HUF
The outcome of the meeting was communicated to the Bombay Stock Exchange Limited by Abhishek Nathani, Managing Director (DIN: 10086861), in accordance with applicable listing and disclosure requirements.
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, and what is the total fundraising target upon full conversion?
How will the eventual conversion of these warrants into equity shares impact the promoter group's shareholding percentage and potential dilution for existing public shareholders?
What are Kizi Apparels' intended deployment plans for the capital raised through this preferential warrant issuance, and could it signal a major expansion or acquisition?
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