Kizi Apparels Ltd Board Approves Receipt of 3rd Tranche Consideration for Convertible Warrants
Kizi Apparels Ltd’s Board of Directors, in a meeting held on Thursday, April 23, 2026, approved the receipt of the third tranche of consideration for the allotment of Convertible Warrants (Warrants).The consideration was received for the warrants, which were issued at a price of Rs. 15.50 per warrant. This price incorporates a face value of Rs. 10.00 and a premium of Rs. 5.50 each. The allotment was made on a preferential basis to persons and entities categorized as 'Promoter/Promoter Group' and 'public' category.
The company reported receiving a total consideration of Rs. 18,43,650/- (Rupees Eighteen Lakh Forty-Three Thousand Six Hundred Fifty Only) from the allottees.
The proceeds were distributed among three allottees:
| Allottee Name | Consideration Received |
|---|---|
| Mr. Abhishek Nathani | Rs. 6,00,000/- |
| Mr. Raj Kumar Nathani | Rs. 4,95,000/- |
| Mr. Surinder Goel | Rs. 7,48,650/- |
| Total | Rs. 18,43,650/- |
Stock Price Movement
At the close of trade on Wednesday, Kizi Apparels Ltd shares settled at ₹17.06, ticking up 6.63% for the session. Throughout the day, the stock traded within a range that spanned from a low of ₹15.68 to a high of ₹17.75.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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