KIZI Apparels Limited has successfully completed the allotment of convertible warrants on a preferential basis following its board meeting held on April 2nd, 2026. The company's board of directors, meeting at the registered office in Jaipur from 3:30 PM to 5:00 PM, approved the allotment of the first tranche of convertible warrants after receiving the necessary upfront payments from qualified investors.

Warrant Allotment Details

The company had initially received in-principle approval from BSE Limited for the issuance of up to 25,08,000 convertible warrants on a preferential basis. However, the final allotment was reduced to 23,04,000 warrants after two proposed allottees failed to meet the payment requirements within the specified timeline.

Complete Allottee Distribution

The warrants were successfully allotted to 10 investors who remitted the requisite 25% upfront consideration within the stipulated timeline. The largest allocation went to Abhishek Nathani, the company's Managing Director, who received 5,01,000 warrants for a consideration of Rs 19,41,375.

Non-Compliant Allottees

Two proposed allottees failed to remit the minimum 25% upfront consideration within the timeline ending April 1st, 2026, resulting in no warrant allotment to them. Ranjana Prabhakar Dalvi and Amit Anant Chavan were each supposed to receive 1,02,000 warrants but missed the payment deadline, leading to the reduction in total consideration from Rs 97,18,500 to Rs 89,28,000.

Conversion Terms and Timeline

Each convertible warrant allotted can be converted into one fully paid-up equity share with a face value of Rs 10 within 18 months from the allotment date. The conversion requires payment of the remaining 75% of the issue price, with terms and conditions outlined in the Explanatory Statement annexed to the Notice of the Extra-Ordinary General Meeting dated March 9th, 2026. This structure provides investors with flexibility while ensuring the company receives the full consideration over the conversion period.

Kizi Apparels Limited has announced a strategic capacity expansion initiative through the addition of 40 new stitching machines at its manufacturing facility. The expansion represents a significant step in the company's growth strategy and operational enhancement efforts.

Capacity Enhancement Details

The company has informed the Bombay Stock Exchange about this development through a regulatory filing dated March 26, 2026. The expansion involves the installation of 40 stitching machines, which will substantially boost the company's manufacturing capabilities.

Strategic Impact and Growth Objectives

Kizi Apparels expects this capacity enhancement to increase its overall production capacity by approximately 18% to 20%. This substantial increase in manufacturing capability will enable the company to effectively address growing market demand and support its future expansion plans.

The capacity expansion initiative demonstrates the company's commitment to:

• Scaling up operational capabilities
• Improving manufacturing efficiencies
• Enhancing overall productivity levels
• Meeting increasing customer demand

Regulatory Compliance and Communication

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was digitally signed by Abhishek Nathani, Managing Director (DIN: 10086861), ensuring proper corporate governance and transparency in disclosing material developments to stakeholders.

This development reflects Kizi Apparels Limited's proactive approach to business expansion and its focus on strengthening manufacturing infrastructure to capitalize on market opportunities and drive sustainable growth.