Kizi Apparels has announced a board meeting to review the financial results for the quarter and half-year.

The company has utilized ₹508.25 lakh of the ₹558.18 lakh raised through its IPO, primarily for repayment of unsecured loans (₹35.80 lakh, slightly above the planned ₹29.50 lakh), long-term working capital (₹348.68 lakh), issue-related expenses (₹55.53 lakh), and general corporate purposes (₹74.54 lakh). An unutilized balance of ₹49.93 lakh remains.

Fund use aligns with the IPO objectives, with no deviations reported, reflecting disciplined capital deployment beneficial for operational and financial stability.