StockWatch
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Garments & Apparels
Board Meeting18 May 2026, 04:51 pm

Kizi Apparels Receives ₹23.4 Lakh from Warrant Allotment

AI Summary

Kizi Apparels Ltd's Board of Directors approved the receipt of ₹23,40,000, representing the 10th tranche of consideration for the allotment of convertible warrants. These warrants were issued at ₹15.50 each (including a premium of ₹5.50) to promoters and the public on a preferential basis, in accordance with SEBI (ICDR) Regulations, 2018. The allottees are Mr. Abhishek Nathani and Ms. Kiran Nathani. The board meeting was held on May 18, 2026.

Key Highlights

  • Kizi Apparels received ₹23.4 Lakh towards convertible warrants.
  • The funds represent the 10th tranche of warrant consideration.
  • Warrants were allotted to promoters and the public at ₹15.50 each.
  • The allotment adheres to SEBI (ICDR) Regulations, 2018.