Kizi Apparels Ltd Reduces Allotment of Convertible Warrants by 2.16 Million

Kizi Apparels Ltd has reduced the allotment of Convertible Warrants from 25,08,000 to 23,04,000 due to non-payment of the minimum 25% upfront consideration by two proposed allottees within the stipulated timeline. The total consideration has also been reduced from Rs 97,18,500 to Rs 89,28,000. Each warrant is convertible into one fully paid-up Equity Share of face value of Rs. 10/- each within a period of 18 months from the date of allotment.