Promoter Abhishek Nathani acquired 5,01,000 equity shares in Kizi Apparels Ltd on July 14, 2026, following the conversion of warrants into equity shares. This acquisition increases his total holding in the company to 49,83,300 shares, representing 49.23% of the total diluted share capital. The transaction was conducted via preferential allotment, as disclosed to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this acquisition, Nathani held 44,82,300 shares, accounting for 57.32% of the share capital. The conversion of warrants has altered the company's equity structure, with the total voting capital expanding to 1,01,23,200 equity shares of ₹10.00 each, aggregating to ₹10,12,32,000. The disclosure confirms that the acquirer belongs to the Promoter Group of the company.

Acquisition Details

The Persons Acting in Concert (PAC) with the acquirer include Ms. Kiran Nathani, Ms. Suchitra Devi Nathani, Mr. Raj Kumar Nathani, and Mr. Rahul Sharma. The filing was signed by Abhishek Nathani, Promoter & Managing Director, on July 15, 2026, in Ahmedabad.

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.