KIZI APPARELS Revokes Resolution to Increase Authorized Share Capital
Kizi Apparels Limited has decided to revoke a previously approved resolution that would have increased the company's authorized share capital from ₹8.00 crore to ₹25.00 crore. The decision was made by the Board of Directors due to changes in the company's capital restructuring plans. The original resolution was passed at the Annual General Meeting on September 13, 2025. The revocation, approved at a board meeting on October 14, 2025, is subject to shareholder approval. The company plans to revisit the matter at a more appropriate time, aligning with future funding and growth strategies.
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Kizi Apparels LIMITED has announced a significant change in its capital restructuring plans. The company's Board of Directors has decided to revoke a previously approved resolution that would have increased the authorized share capital from ₹8.00 crore to ₹25.00 crore.
Key Details of the Revocation
| Aspect | Details |
|---|---|
| Original Resolution | Resolution No. 12 passed at the Annual General Meeting on September 13, 2025 |
| Initial Proposed Increase | From ₹8.00 crore to ₹25.00 crore |
| Current Status | Revoked, subject to shareholder approval |
| Reason for Revocation | Change in company's capital restructuring plans |
Rationale Behind the Decision
The Board cited several reasons for this strategic move:
Postponed Expansion: The capital increase was initially intended to support specific expansion plans or projects, which have now been postponed.
Future Alignment: The board stated that the matter may be revisited at a more appropriate time, aligning with the company's future funding and growth strategies.
Temporary Hold: The decision represents a temporary hold on the proposed increase rather than a permanent cancellation.
Procedural Aspects
- The revocation was approved at a board meeting held on October 14, 2025.
- The meeting commenced at 6:00 PM and concluded at 10:30 PM.
- The company confirmed that no filing in Form SH-7 had been made with the Registrar of Companies regarding the initial increase.
- The revocation is subject to shareholder approval.
Next Steps
Kizi Apparels LIMITED has stated that it will soon intimate stock exchanges about a members' meeting to seek approval for this revocation. The company's management, led by Managing Director Mr. Abhishek Nathani, has been authorized to take necessary actions to implement this decision.
This move by Kizi Apparels LIMITED demonstrates the company's adaptability to changing business conditions and its commitment to aligning capital structure with current operational needs and future growth plans.
Historical Stock Returns for Kizi Apparels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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