Kizi Apparels Ltd scheduled a board meeting for October 24, 2026, to evaluate proposals for raising funds through equity shares or other securities.

The company informed the BSE that the meeting will consider issuance of equity shares, share warrants, or other equity-based instruments via preferential issue on a private placement basis. The proposal is subject to receipt of relevant approvals as required by regulatory norms.

Trading window closure

Pursuant to the Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders and SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company's shares is closed.

The closure applies to all designated persons and their immediate relatives from October 1, 2026. The window will reopen after 48 hours from the declaration of unaudited financial results for the quarter and half year ended September 30, 2026.

Meeting agenda details

The board will specifically evaluate:

• Raising funds through one or more permissible mechanisms.
• Issuance of equity shares and/or other securities including share warrants.
• Preferential issue on a private placement basis or any other permissible mode.
• Combination of the above mechanisms as deemed appropriate by the board.

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.