Outcome of Extra Ordinary General Meeting held today at 11:00 AM to issue convertible share warrant into equity shares to the proposed allottees on preferential basis
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On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.4 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 held an Extra Ordinary General Meeting on 26 February 2026 at 11:00 AM at its registered office in Mohali, with e-voting and physical voting facilities. The key resolution approved was the issue of convertible share warrants (convertible into equity shares) to proposed allottees on a preferential basis. The meeting was chaired by Independent Director Naval Kishore Gupta, as the regular Chairperson Rajesh Kumar Mehra was unable to attend. No proxies were received, the quorum was satisfied, and the meeting concluded at 11:50 AM. The combined voting results and scrutinizer's report will be submitted to BSE within two days.
Approval of a preferential issue of convertible warrants is potentially dilutive for existing shareholders, as it paves the way for fresh equity infusion to specific allottees. Investors should watch for the scrutinizer's report and the final terms (price, number of warrants, identity of allottees) for clarity on dilution and any price impact.