Kizi Apparels Ltd has received ₹6,32,400 as the 18th tranche of consideration for the allotment of convertible warrants. The funds were received from allottees Mr. Umang Kamlesh Vora and Mr. Paresh J Patel, who belong to the Promoter, Promoter Group, and public category. This receipt was approved by the Board of Directors during a meeting held on July 09, 2026, at the company's registered office in Jaipur.

The warrants were issued at a price of ₹15.50 per warrant, which includes a face value of ₹10.00 and a premium of ₹5.50. The allotment was made on a preferential basis in accordance with the provisions of Chapter V of the SEBI (ICDR) Regulations, 2018. The company informed the Bombay Stock Exchange of this development pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Warrant Allotment Details

The Board meeting commenced at 3:30 PM and concluded at 4:10 PM. The disclosure was signed by Abhishek Nathani, Managing Director of Kizi Apparels Limited.

kizi apparels has confirmed that there was no deviation in the utilization of proceeds raised through a preferential issue during FY26. The company raised ₹89,28,000 on March 24, 2026, with the primary objective of meeting its working capital requirements. According to the audit report dated May 11, 2026, the funds were deployed strictly in accordance with the original allocation approved by the board.

The statutory auditor, M/s. D G M S & Co., reviewed the fund usage for the half-year and year ended March 31, 2026. The audit confirmed that the entire amount raised was utilized for the specified purposes without any variation. The report also noted that a monitoring agency was not applicable for this fund-raising exercise.

Allocation of Proceeds

The proceeds were allocated across two main categories: working capital requirements and general corporate purposes. The following table details the original allocation, modified allocation, and the actual funds utilized for each object.

The audit committee reviewed the utilization of funds and found no discrepancies requiring further explanation. The auditors, M/s. D G M S & Co., signed off on the statement, confirming that the company adhered to the regulatory framework governing preferential issues. The report was filed by Partner Jyoti J Kataria, bearing UDIN 26116861SKITOS5968.