Kizi Apparels Limited has intimated about an upcoming Board of Directors meeting scheduled for Saturday, 24th October, 2026. The meeting will primarily consider and evaluate proposals for raising funds through various permissible mechanisms.
The Board will consider issuing equity shares and/or other securities including share warrants and/or any other equity-based instruments/securities. The fundraising may be conducted through preferential issue on a private placement basis or through any other permissible mode, or a combination thereof. All proposals are subject to receipt of relevant approvals as may be required.
Additionally, the company has closed the "Trading Window" for all designated persons and their immediate relatives effective from Thursday, 1st October, 2026. The trading restriction is in accordance with the company's Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders and SEBI (Prohibition of Insider Trading) Regulations, 2015.
The trading window will remain closed until 48 hours after the declaration of Unaudited Financial Results for the Quarter and Half Year ended 30th September, 2026. This closure is also connected to the Board meeting scheduled for 24th October, 2026 regarding the fund raising proposal.
The disclosure is made in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Impact
Financial impact not quantified in the disclosure. The fund raising proposal and its potential impact will be determined by the Board during the meeting.