Kizi Apparels Ltd Board Approves Receipt of Second Tranche Consideration for Warrants
Kizi Apparels Ltd announced that its Board of Directors, during a meeting held on Tuesday, April 21, 2026, considered and approved the receipt of the second tranche of consideration for the allotment of Convertible Warrants ('Warrants').The Board meeting, which was conducted at the Company's registered office in Jaipur, addressed the terms of the warrant allotment. The warrants were issued at a price of Rs. 15.50 per warrant, which includes a premium of Rs. 5.50 and a face value of Rs. 10.00. The allotment was structured on a preferential basis to individuals and entities belonging to the Promoter/Promoter Group and public categories.
The Company confirmed the receipt of the consideration for the second tranche of convertible warrants amounting to Rs. 11,62,500. This amount was received from Ms. Suchitra Nathani.
Stock Price Movement
At the close of trading today, Kizi Apparels Ltd shares settled at ₹16.00, shedding 5.60% for the day. The stock saw significant movement, dipping from an intraday high of ₹19.79 to its low of ₹16.00.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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