Kizi Apparels Ltd — Important, 02-04-2026: Company Update

KIZI APPARELS LIMITED's Board has approved the allotment of 23.04 Lakh convertible warrants on a preferential basis. The company had initially received in-principle approval for 25.08 Lakh warrants. However, only 10 of the 12 identified allottees paid the required 25% upfront consideration, leading to 2.04 Lakh warrants not being allotted. The company received Rs 89.28 Lakh from this allotment. Each warrant converts into one equity share with a face value of Rs 10 within 18 months, upon payment of the remaining 75% of the issue price, thereby strengthening the company's capital base.