Bizotic Commercial Ltd

Bizotic Commercial Ltd announced that its Board of Directors has approved the raising of funds through the issuance of up to 1,36,08,000 warrants convertible into equity shares. These warrants will be issued on a preferential basis to entities within the 'Promoter and Promoter Group' and 'Non-Promoter' categories. The conversion period for these warrants is a maximum of 18 months from the allotment date. Additionally, the company will hold an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for this fund-raising initiative. The issuance is subject to necessary shareholder and regulatory approvals.

Bizotic Commercial Ltd announced today, September 10, 2026, that its Board of Directors has approved the issuance of up to 1,36,08,000 convertible warrants. These warrants, each convertible into one equity share of face value Rs. 10, will be issued on a preferential basis to entities within the Promoter and Promoter Group, as well as the Non-Promoter category. The issuance aims to raise funds and will be conducted in one or more tranches, subject to shareholder and other necessary approvals. The warrants have a maximum tenure of 18 months for conversion, with 25% of the issue price payable upfront and the remaining 75% due at the time of conversion. An Extra-Ordinary General Meeting (EGM) will be convened for shareholder approval.

Bizotic Commercial Ltd has announced a Board of Directors meeting scheduled for September 10, 2026. The primary agenda items include considering and approving proposals for raising funds through the issuance of equity shares and/or convertible warrants on a preferential basis. Additionally, the board will fix the date, time, and venue for an Extra-Ordinary General Meeting (EGM) and approve its notice. The trading window for company insiders will be closed from September 7, 2026, until 48 hours after the board meeting concludes, in compliance with SEBI's insider trading regulations.

Bizotic Commercial Ltd announced that its Board of Directors, in a meeting held on August 18, 2026, approved the allotment of 4,82,10,000 fully paid-up Bonus Equity Shares of Rs. 10.00 each. This allotment is in the ratio of 5:1 for every one equity share held as of the record date, August 17, 2026. The company's issued, subscribed, and paid-up equity share capital will increase significantly post-allotment. The new bonus shares will rank pari-passu with existing equity shares.

Bizotic Commercial Ltd has announced that the Board of Directors has fixed Monday, August 17, 2026, as the record date for determining shareholder eligibility for bonus equity shares. The company will issue 5 bonus equity shares of ₹10.00 each for every 1 existing fully paid-up equity share of ₹10.00. The deemed date of allotment for these bonus shares is set for Tuesday, August 18, 2026. This corporate action aims to reward shareholders and potentially increase the company's equity base.

Bizotic Commercial Ltd announced the appointment of M/s. Shweta Jain & Co LLP as its Statutory Auditor during the 10th Annual General Meeting held on August 1, 2026. The appointment is for a term of five consecutive years, commencing from the Financial Year 2024-2025. This move complies with Section 139 of the Companies Act, 2013. CA Amit Joshi, a partner at Shweta Jain & Co LLP, brings expertise in accounting, auditing, taxation, and financial reporting.

Bizotic Commercial Ltd has announced its Annual Report for the Financial Year 2025-2026, along with the Notice of the Annual General Meeting (AGM). The AGM is scheduled for Saturday, August 1st, 2026, at 12:00 PM IST, to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company highlighted its growth strategy, including strengthening its capital base through preferential warrants to fund expansion, operations, working capital, and new business opportunities. Bizotic emphasized the continued growth of its flagship brands, URBAN UNITED and YARD, with 16 retail outlets and a new large-format YARD store in Ahmedabad. The integrated business model covers fabric wholesale and ready-made garment design to marketing, aiming to deliver quality, style, and affordability. The company expressed optimism about India's retail and textile sectors, planning further investments in retail expansion, product innovation, technology, and brand development.

Bizotic Commercial Ltd's Board of Directors met on July 2, 2026, approving a significant increase in authorized equity share capital from ₹11.27 crore to ₹57.86 crore. The board also approved a 5:1 bonus equity share issue, subject to shareholder approval. Key decisions included fixing record dates for AGM notice and e-voting, approving the 10th AGM notice and annual report for FY26, and appointing M/s. Shweta Jain & Co LLP as Statutory Auditors for five years. The re-appointment of MD Mr. Sanjaykumar Mahavirprasad Gupta was approved, while the resignation of Independent Director Mr. Hareshkumar Shamjibhai Suthar was noted. Mr. Dipak Hariprasad Dave's regularization as Director was also approved, pending shareholder consent. M/S Sarang Shivajirao Chavan And Associates were appointed as Internal Auditors for FY27.

Bizotic Commercial Ltd has announced the resignation of Mr. Hareshkumar Shamjibhai Suthar from his position as Independent Director (Non-Executive). The resignation is effective from the closing of business hours on June 25, 2026. Mr. Suthar cited pre-occupation and other personal commitments as the reasons for his departure. Consequently, he will also step down from his roles as Chairman of the Nomination and Remuneration Committee, Audit Committee, and Stakeholders Relationship Committee. The company has confirmed that there are no other material reasons for his resignation beyond those stated.

Bizotic Commercial Ltd has announced the resignation of Mr. Hareshkumar Shamjibhai Suthar from his position as an Independent Director, effective June 25, 2026. Mr. Suthar cited pre-occupation and other personal commitments as the reasons for his departure. Consequently, he will also step down from his roles as Chairman of the Nomination and Remuneration Committee, Audit Committee, and Stakeholders Relationship Committee. The company has confirmed that there are no other material reasons for his resignation beyond those stated.