Kizi Apparels to raise ₹82.7 Cr via warrants, hikes authorized capital

Kizi Apparels Limited announced its unaudited standalone financial results for the half-year ended September 30, 2026. The Board of Directors also approved an increase in authorized share capital from ₹11 Crore to ₹16 Crore. Additionally, the company plans to issue up to 51,69,000 warrants convertible into equity shares on a preferential basis to promoters and public categories, aiming to raise approximately ₹82.7 Crore (based on a preliminary issue price calculation). The conversion period for these warrants is 18 months. The company has appointed a registered valuer for warrant valuation and a practicing company secretary to scrutinize the e-voting process for the upcoming Extraordinary General Meeting (EGM) scheduled for November 30, 2026, where shareholder approval will be sought for these proposals.