StockWatch
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Garments & Apparels
Business Update27 May 2026, 05:02 pm

Kizi Apparels Receives ₹5.5 Lakh from Evolvion Advisory

AI Summary

Kizi Apparels Ltd's board approved the receipt of ₹5,50,000, the 12th tranche of consideration, for allotment of convertible warrants. The warrants, priced at ₹15.50 each (including a premium of ₹5.50), were issued to the Promoter/Promoter Group and public Category on a preferential basis. The consideration was received from Evolvion Advisory Private Limited.

Key Highlights

  • Kizi Apparels received ₹5.5 Lakh towards convertible warrants.
  • The funds represent the 12th tranche of warrant consideration.
  • Warrants were issued at ₹15.50 each, including a ₹5.50 premium.
  • Evolvion Advisory Private Limited is the allottee.