Press Release- Active Clothing Co Limited Board clears Rs. 23 Crore Fund raise via warrants.
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Active Clothing Co Ltd's Board has approved a preferential issue of up to 20,00,000 warrants, each convertible into one equity share of Rs. 10 face value, at Rs. 115 per warrant, raising up to Rs. 23 Crore. Of the total warrants, 50% will be allotted to promoters and the promoter group, with the remaining 50% going to non-promoter investors. The company says the funds will strengthen its capital base, improve balance sheet strength, and support its next phase of growth. The press release also references FY25 financials — Total Income of Rs. 297.12 Cr, EBITDA of Rs. 28.49 Cr, and Profit After Tax of Rs. 8.45 Cr. Note: the press release contains a typographical error showing '323 Cr' in a few places, but the actual figure based on the number of warrants and price is Rs. 23 Crore.
This is a modest equity-linked fund raise that will lead to some share dilution upon warrant conversion, but promoter participation (50% of the issue) signals confidence in the business. For shareholders, the impact depends on how effectively the company deploys the capital for growth — the raise size is small relative to FY25 revenues (~8% of total income), so dilution impact should be limited.