Intimation of Extra Ordinary General Meeting of Active Clothing Co Limited to be held on 26.02.2026 to Issue convertible share warrant into equity shares to the proposed allottees, on preferential ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.4 pts less than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Active Clothing Co Ltd has called an Extra Ordinary General Meeting on February 26, 2026, to seek shareholder approval for issuing up to 20 lakh convertible warrants at Rs. 115 per warrant, aggregating to Rs. 23 crore. Each warrant can be converted into one equity share of face value Rs. 10 at a premium of Rs. 105 within 18 months. Allottees include promoters (Rajesh Mehra, Renu Mehra), promoter group (Kalika Mehra), and non-promoters (Stellant Securities India Ltd, Mangala Subhash Rathod, Subhash Phootarmal Rathod). The issue price of Rs. 115 is set above the floor price of Rs. 112.78 determined under SEBI ICDR Regulations. Proceeds will be used for working capital, business expansion, and general corporate purposes.
If approved, the preferential warrant issue will dilute existing shareholders by roughly 12.9% on a fully diluted basis, with promoter holdings dipping from 73.58% to 70.88%. Existing public shareholders may view this as mildly dilutive, though warrants only convert if exercised and the issue is being done at a premium to the regulatory floor price.