The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Stellant Securities (India) Ltd & Others
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Stellant Securities (India) Ltd, along with Subhash Rathod and Mangala Rathod (acting in concert), have acquired 10,00,000 fully convertible warrants in Active Clothing Co Ltd through a preferential allotment on March 19, 2026. This represents 9.10% of the company's fully diluted post-issue share capital. The warrants are split as 3,00,000 to Stellant Securities, 4,00,000 to Subhash Rathod, and 3,00,000 to Mangala Rathod, and are convertible into equity within 18 months. The acquirers are not part of the promoter group. Including their existing 5,81,973 shares (3.75%), the combined holding will rise to roughly 12.85% on a fully diluted basis once warrants are converted.
A non-promoter group has quietly built a sizeable stake of nearly 13% on a diluted basis through preferential warrants, sitting just below the 10% open offer trigger threshold. Retail investors should watch for further disclosures as any additional acquisition past 10% would trigger a mandatory open offer to all shareholders.