ALPHA TRIBE

Kizi Apparels LtdImportant, 14-10-2025: Company Update

14-10-2025 | 10:44 pm

KIZI Apparels Limited has revoked the resolution approved at its Annual General Meeting to increase the company's Authorised Share Capital. The resolution aimed to raise the capital from 8 Cr to 25 Cr and amend its Memorandum of Association. The Board of Directors decided to withdraw this resolution due to an alteration in the company's capital restructuring plans. Management has temporarily paused the proposed capital increase because specific expansion projects, which this capital was intended to fund, have been postponed. This deferral directly impacts the company's immediate funding strategy and future growth initiatives.

No comments yet. Be the first to comment!

All announcements from Kizi Apparels Ltd