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.

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 .

Kizi Apparels Limited has received a regulatory compliance certificate from its registrar and share transfer agent for the quarter ended 31st March, 2026. The certificate pertains to SEBI Regulation 74(5) of the Depositories and Participants Regulations, 2018.

Regulatory Compliance Certificate Details

Bigshare Services Private Limited, serving as the company's registrar and share transfer agent, issued the certificate confirming non-applicability of SEBI Regulation 74(5) for the quarter ended 31st March, 2026. The regulation, formerly known as Regulation 54 of SEBI (Depository and Participant) Regulations, 1996, requires specific compliance measures for share transfers and dematerialisation processes.

Shareholding Status and Compliance

The certificate confirms that SEBI Regulation 74(5) is not applicable to Kizi Apparels Limited as the entire shareholding of the company remains in dematerialised form. Bigshare Services reported that no requests were received from company members for either rematerialisation or dematerialisation during the specified quarter period.

This status indicates that all shareholders maintain their holdings in electronic format through depositories, eliminating the need for physical share certificates. The absence of rematerialisation requests suggests shareholders are comfortable with the electronic holding system.

Submission to Stock Exchange

Kizi Apparels Limited submitted the compliance certificate to BSE Limited on 14th April, 2026, through a formal communication signed by Managing Director Abhishek Nathani. The submission was made to the Manager of the Listing Department at BSE's P.J. Towers office in Mumbai.

The company requested BSE to take note of the certificate for record-keeping purposes, ensuring compliance with stock exchange listing requirements. This regulatory filing demonstrates the company's adherence to transparency and disclosure norms for listed entities.

Regulatory Framework

The compliance certificate aligns with SEBI circulars and guidelines, including references to NSDL/CIR/II/5/2019 and CDSL/OPS/RTA/POLICY/2019/14, both dated 25th January, 2019. These circulars provide guidance on the applicability and compliance requirements under the depositories regulations.

The regulatory framework ensures proper monitoring of share transfers and dematerialisation processes, maintaining investor protection and market integrity. Companies with fully dematerialised shareholding benefit from streamlined compliance procedures under these regulations.