Regulation 32 -Statement of Deviation & Variation of Quarter ended 31.03.2026
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Active Clothing Co Ltd has filed a statement confirming no deviation or variation in the use of proceeds from its preferential share warrant issue. The company raised Rs. 23 crores through issuance of 20 lakh share warrants at Rs. 115 each, with an upfront consideration of Rs. 5.75 crore (25%) received on March 18, 2026. The funds are designated for working capital requirements, business expansion, and general corporate purposes. The audit committee reviewed and noted this statement at its meeting on May 25, 2026. This is a positive compliance filing confirming proper fund utilization as per the offer document.
For shareholders, this filing confirms the company is utilizing the preferential issue proceeds as disclosed, with no material deviation. This is a routine regulatory compliance and does not signal any immediate concern or opportunity for investors.