Kizi Apparels Ltd — Important, 18-03-2026: Company Update

Kizi Apparels has received in-principle approval from BSE for the preferential issue of 2.508 Cr warrants. Each warrant is convertible into one equity share with a face value of Rs. 10, at a price not less than Rs. 15.50 per share. These warrants will be issued to both promoter and non-promoter entities. This approval allows the company to move forward with its plan to raise capital, strengthening its financial position and potentially expanding its equity base. It's a key step in their fundraising strategy.