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.

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.