Outcome of meeting of Board of Directors Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended (' SEBI LODR Regulations') ....
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Active Clothing Co Ltd's board, meeting on January 27, 2026, approved the issuance of up to 20 lakh warrants on a preferential basis. Each warrant is convertible into one equity share of Rs. 10 face value at an exercise price of Rs. 115, aggregating to a total issue size of Rs. 23 crore. Allottees include promoters Rajesh Mehra (4 lakh warrants) and Renu Mehra (4 lakh warrants), promoter group Kalika Mehra (2 lakh warrants), and non-promoters Stellant Securities (India) Ltd, Mangala Subhash Rathod, and Subhash Phootarmal Rathod (totalling 10 lakh warrants). The warrants have an 18-month tenor and are convertible in one or more tranches. An Extraordinary General Meeting has been scheduled for February 26, 2026, to seek shareholder approval, with the e-voting cut-off date set as February 18, 2026.
This preferential warrant issue will dilute existing shareholders by roughly 11% on full conversion, though promoter participation of around 43% of the issue signals insider confidence. Since warrants typically require only a partial upfront payment, immediate cash inflow to the company will be limited until conversion actually happens over the next 18 months.