Kizi Apparels Ltd Receives Rs. 20 Lakh in Fifth Tranche of Convertible Warrants
Kizi Apparels Ltd confirmed the successful allotment and receipt of the fifth tranche of consideration for Convertible Warrants on Tuesday, April 28, 2026.The company's Board of Directors considered and approved the receipt of the fifth tranche of consideration for the allotment of Convertible Warrants ('Warrants'). The total cash consideration received towards this fifth tranche amounted to Rs. 20,00,000/- (Rupees Twenty Lakh Only).
The warrants were issued on a preferential basis to individuals belonging to the Promoter/Promoter Group and public categories. The details of the warrant issue specify an allotment price of Rs. 15.50/- per warrant, which includes a face value of Rs. 10.00/- and a premium of Rs. 5.50/- each.
The funds were received from the following allottees:
| Allottee Name | Consideration Amount |
|---|---|
| Mr. Abhishek Nathani | Rs. 10,00,000/- |
| Ms. Kiran Nathani | Rs. 20,00,000/- |
The transaction details confirm that the Board considered and approved the receipt of the consideration from the specified allottees for the warrant allotment.
Stock Price Movement
Kizi Apparels Ltd shares settled at ₹16.00 on Friday, posting a loss of 4.19% for the day. Throughout the session, the stock remained completely flat, trading locked at the ₹16.00 mark.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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