Active Clothing Co Ltd Announces Acquisition of Warrants by Promoter Group
Active Clothing Co Ltd announced on March 20, 2026, that Rajesh Mehra, Renu Mehra, and Kalika Mehra, acting in concert, have acquired fully convertible warrants in the company. Rajesh Mehra acquired 400,000 warrants, Renu Mehra acquired 400,000 warrants, and Kalika Mehra acquired 200,000 warrants, totaling 1,000,000 warrants. These warrants will be converted into equity shares within 18 months on a preferential basis.The acquisition results in a 70.88% holding of the fully diluted post-issue paid-up equity share capital of Active Clothing Co Ltd as of March 19, 2026.
Details of the Acquisition
The acquisition was made through the allotment of 2,000,000 fully convertible warrants to promoters and non-promoter groups on March 18, 2026, with an upfront payment of 25% of the issue price. Each warrant is convertible into one equity share.Table: Details of Acquisition
| Detail | Rajesh Mehra | Renu Mehra | Kalika Mehra |
|---|---|---|---|
| Warrants Acquired | 400,000 | 400,000 | 200,000 |
| Total Diluted Share/Voting Capital (%) | 70.88% | 70.88% | 70.88% |
| Mode of Acquisition | Allotment of share warrant basis | Allotment of share warrant basis | Allotment of share warrant basis |
| Date of Acquisition | March 18, 2026 | March 18, 2026 | March 18, 2026 |
Table: Shareholding Details
| Detail | Rajesh Mehra | Renu Mehra | Kalika Mehra |
|---|---|---|---|
| Equity Shares Before Acquisition | 57,22,715 | 46,17,700 | 6,100 |
| Equity Shares After Acquisition | 1,000,000 | 1,000,000 | 200,000 |
Table: Capital Structure
| Detail | Value |
|---|---|
| Equity Share Capital Before Acquisition | Rs. 155,122,150 (15,512,215 shares) |
| Equity Share Capital After Acquisition | Rs. 175,221,550 (17,512,215 shares and 2,000,000 warrants) |
| Total Diluted Share/Voting Capital | 17,512,215 |
Source:
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