Kizi Apparels Ltd Allots 23 Lakh Shares Following Convertible Warrant Conversion; Capital Increases to Rs 10.12 Crore
Kizi Apparels Ltd has announced the allotment of 23,04,000 fully paid-up Equity Shares following a recent Board meeting held on July 14, 2026. The decision approved the conversion and allotment of these shares against convertible warrants, which were issued previously.The allotment was executed based on the exercise of options by investors belonging to the Promoter/Promoter Group and public categories. These shares represent a conversion of 23,04,000 convertible warrants. The new Equity Shares have a face value of Rs 10.00 per share and were allotted at an issue price of Rs 15.50 per share, which included a premium of Rs 5.50 per share.
The allotment was made for cash upon receipt of the balance amount from the warrant exercise. Each share represented by the converted warrant required the payment of Rs 11.625, amounting to 75.00% of the warrant exercise price of Rs 15.50 per share. The total cash aggregated from this allotment amounted to Rs 2,67,84,000/- (Rupees Two Crore Sixty-Seven Lakhs Eighty-Four Thousand Only).
The Equity Shares allotted through this preferential basis ranking pari passu with the company’s existing Equity Shares in all respects.
Impact on Capital Structure
The conversion of warrants resulted in a significant increase to the paid-up equity share capital of Kizi Apparels Ltd. Prior to the allotment, the company had 78,19,200 Equity Shares with a paid-up capital of Rs 7,81,92,000/-.Following the issuance of the new shares, the company’s total share count and paid-up capital have been updated as follows:
| Particular | Pre-Allotment Details | Post-Allotment Details |
|---|---|---|
| Total Equity Shares Outstanding | 78,19,200 | 1,01,23,200 |
| Paid-up Capital | Rs 7,81,92,000/- | Rs 10,12,32,000/- |
| Face Value per Share | Rs 10.00 | Rs 10.00 |
The allotment details included ten categories of allottees, comprising promoter groups and various public investors who exercised their warrants to convert into equity shares.
Stock Price Movement
As of 12:41, Kizi Apparels Ltd is holding steady at ₹13.99, reflecting zero change for the shares. The stock is currently trading completely flat as its intraday high and low remain locked at this same price point.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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