StockWatch
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Garments & Apparels
Board Meeting29 Jun 2026, 02:20 pm

Kizi Apparels Receives ₹7.9 Lakhs for Convertible Warrants

AI Summary

Kizi Apparels Ltd announced the outcome of its Board Meeting held on June 29, 2026. The board approved the receipt of the 17th tranche of consideration for the allotment of Convertible Warrants. The warrants were issued at Rs. 15.50 each, including a premium of Rs. 5.50 and a face value of Rs. 10.00. The company received a total of Rs. 7,90,500/- from Mr. Umang Kamlesh Vora and Mr. Paresh J Patel towards this tranche. This issuance was done on a preferential basis in accordance with SEBI (ICDR) Regulations, 2018.

Key Highlights

  • Received 17th tranche of consideration for Convertible Warrants.
  • Total amount received is ₹7,90,500/-.
  • Warrants issued at Rs. 15.50 each, including premium.
  • Allottees are Mr. Umang Kamlesh Vora and Mr. Paresh J Patel.
  • Transaction follows SEBI (ICDR) Regulations, 2018.