Kizi Apparels Limited Receives Third Tranche Consideration for Convertible Warrants

Kizi Apparels Limited has received the third tranche of consideration amounting to Rs 18,43,650 for the allotment of convertible warrants issued on a preferential basis. The Board of Directors approved the receipt of this consideration during a meeting held on 23rd April, 2026, at the company's registered office in Jaipur, Rajasthan.

The convertible warrants were issued at a price of Rs 15.50 each, which includes a face value of Rs 10.00 and a premium of Rs 5.50 per warrant. The allotment was made to persons and entities belonging to the promoter/promoter group and public category in accordance with Chapter V of the SEBI (ICDR) Regulations, 2018.

Breakdown of Consideration Received

The total consideration of Rs 18,43,650 was received from three allottees as follows:

Allottee	Amount Received (Rs.)
Mr. Abhishek Nathani	6,00,000
Mr. Raj Kumar Nathani	4,95,000
Mr. Surinder Goel	7,48,650
Total	18,43,650

The Board meeting, which commenced at 12:05 P.M. and concluded at 12:15 P.M., was held pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has requested the Bombay Stock Exchange to take this information on record.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.19%	+7.17%	+14.29%	+14.78%	-20.00%	-34.16%

Kizi Apparels Limited has obtained a certificate confirming the non-applicability of SEBI Regulation 23 concerning related party transaction disclosures for the financial year ended March 31, 2026. The certificate was issued on April 17, 2026, and submitted to BSE Limited as part of the company's regulatory compliance requirements.

Regulatory Exemption for SME Listed Entity

As per Regulation 15(2) of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, compliance with various Corporate Governance provisions including Regulation 23 does not apply to entities listed on the SME Exchange. The company has been listed on BSE SME Exchange and meets the criteria for exemption from related party transaction disclosure requirements.

Financial Threshold Analysis

The certificate, issued by practicing Company Secretary Jinang Dineshkumar Shah of M/s. Jinang Shah & Associates, confirms that Kizi Apparels Limited has remained below the prescribed financial thresholds. The examination covered the company's paid-up equity share capital and net worth for the immediately preceding three financial years.

Financial Year	Paid-up Equity Share Capital (₹ in crore)	Net Worth (₹ in crore)
FY 2024-25	7.82	13.57
FY 2023-24	5.16	5.88
FY 2022-23	0.01	0.01

Compliance Certification Details

The certificate confirms that the paid-up equity share capital of the company has not exceeded ₹10 crore, and the net worth has not exceeded ₹25 crore during any of the mentioned financial years. This compliance with the threshold limits makes the provisions of Regulation 23 relating to Related Party Transactions not applicable to the company.

Professional Verification

The certification was conducted by CS Jinang Dineshkumar Shah (Membership No. 10649, Certificate of Practice No. 14215) who examined the relevant books of accounts, records, financial statements and other documents of the company. The certificate carries UDIN F010649H000131242 and was issued from Ahmedabad on April 17, 2026.

Company Communication

Managing Director Abhishek Nathani (DIN: 10086861) signed the communication to BSE Limited, formally notifying the exchange about the non-applicability of Regulation 23 for FY26. The company operates from H-629, Sitapura, Industrial Area, Phase-II, Jaipur-302022, and maintains its corporate website at www.kiziapparels.com .