Corporate Announcement under regulation 30 of LODR in compliance to SEBI Circular No: SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024- reference to mail dated: 23.07.2025 relating to ....
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Awaiting price reaction for this filing.
Active Clothing Co Ltd has provided further details, as requested by BSE, about its Memorandum of Understanding with Ningbo Cixing Co. Ltd, a Chinese company listed on the Shenzhen exchange (stock code: 300307). Under this international agreement, Active Clothing will purchase 600 sets of computerized flat knitting machines. No consideration has been paid yet. The deal is not a related-party transaction. The collaboration aims to introduce automation, precision knitting, and zero-waste production to the Indian sweater manufacturing industry, bringing 'Knit to Shape' technology for the first time in India.
This is a forward-looking capex announcement with no immediate financial outflow. If executed, it could improve Active Clothing's manufacturing efficiency and product quality, potentially benefiting margins. However, since no money has been exchanged yet and no binding commercial terms have been disclosed, expect limited immediate stock price reaction.