Outcome of Board Meeting held today 27th January, 2026 to Issue share Warrants convertible into equity shares of the company through Preferential basis.
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Active Clothing Co Ltd's board, meeting on January 27, 2026, approved the issuance of up to 20,00,000 (20 lakh) warrants on a preferential basis, each convertible into one equity share of face value Rs. 10. The warrant issue price is fixed at Rs. 115 per warrant, taking the total issue size to Rs. 23 crore. The allottees include 3 non-promoters (Stellant Securities, Mangala Rathod, Subhash Rathod) and 3 promoter/promoter-group entities (Rajesh Mehra, Renu Mehra, Kalika Mehra). Each warrant has an 18-month tenor from the date of allotment, and unexercised warrants will lapse with the upfront amount forfeited. An EGM is scheduled for February 26, 2026, to seek shareholder approval for the preferential issue.
On full conversion, the equity base expands by 20 lakh shares, causing minor dilution — promoter Rajesh Mehra's stake will move from 36.89% to 34.96% and Renu Mehra's from 29.77% to 28.65%. Promoters and promoter group are subscribing to 50% of the issue, signalling confidence, while fresh non-promoter participation (notably Stellant Securities) brings in new capital of roughly Rs. 11.5 crore.