Kizi Apparels Limited reported a significant expansion in its financial performance for FY26, with revenue jumping 61% year-on-year. The board also finalized the schedule for its fourth Annual General Meeting (AGM) and approved key governance resolutions.

Revenue from operations rose to ₹4,263.55 lakh in FY26, compared to ₹2,643.31 lakh in the previous fiscal year. This top-line growth was accompanied by an increase in net profit after tax to ₹100.60 lakh, up from ₹85.86 lakh in FY25. The company attributed the growth to strengthened brand presence and expanded reach across e-commerce platforms.

Financial Performance

The company’s profit before tax stood at ₹156.42 lakh in FY26, rising from ₹115.00 lakh in FY25. While revenue grew sharply, net profit increased by a more modest 17%, reflecting higher operational costs associated with scaling activities. Finance costs rose to ₹76.81 lakh from ₹63.45 lakh, while employee benefits expense increased to ₹143.10 lakh from ₹116.11 lakh.

AGM Schedule and Governance

The board concluded its meeting on August 20, 2026, approving the annual report for the financial year ended March 31, 2026. The fourth AGM is scheduled for September 18, 2026, at 12:00 pm IST, to be conducted via video conferencing or other audio-visual means. Shareholders on record as of September 11, 2026, will be eligible to vote. Remote e-voting will be open from September 15 to September 17, 2026.

Key governance decisions included:

• Re-appointment of Abhishek Nathani as Managing Director.
• Approval of material related-party transactions for FY27, including an estimated ₹2,000 lakh transaction with Aaika Retail Private Limited.
• Increase in authorized share capital to ₹11 crore.

CS Jinang Dinesh Kumar Shah has been appointed as the scrutinizer for the e-voting process. The company’s RTA, Bigshare Services Private Limited, will handle the electronic voting facility.

What the Numbers Show

The divergence between the 61% revenue growth and the 17% net profit growth highlights the cost pressures of rapid scaling. Finance costs and employee benefits grew at double-digit rates, absorbing a portion of the operating leverage. Additionally, trade receivables surged to ₹1,004.44 lakh from ₹606.02 lakh, indicating that a significant portion of the revenue growth may still be outstanding in cash collection.

Promoter Abhishek Nathani acquired 5,01,000 equity shares in Kizi Apparels Ltd on July 14, 2026, following the conversion of warrants into equity shares. This acquisition increases his total holding in the company to 49,83,300 shares, representing 49.23% of the total diluted share capital. The transaction was conducted via preferential allotment, as disclosed to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this acquisition, Nathani held 44,82,300 shares, accounting for 57.32% of the share capital. The conversion of warrants has altered the company's equity structure, with the total voting capital expanding to 1,01,23,200 equity shares of ₹10.00 each, aggregating to ₹10,12,32,000. The disclosure confirms that the acquirer belongs to the Promoter Group of the company.

Acquisition Details

The Persons Acting in Concert (PAC) with the acquirer include Ms. Kiran Nathani, Ms. Suchitra Devi Nathani, Mr. Raj Kumar Nathani, and Mr. Rahul Sharma. The filing was signed by Abhishek Nathani, Promoter & Managing Director, on July 15, 2026, in Ahmedabad.