Regulatory25 May 2026, 05:02 pm
Active Clothing: No Deviation in Preferential Issue Use
AI Summary
Active Clothing Co Ltd declares that the proceeds from the preferential issue of share warrants on a private placement basis during the quarter ended March 31, 2026, were used for the purposes stated in the offer document. The company confirms there was no material deviation in the use of proceeds from the objects stated in the offer document. The audit committee reviewed and noted this statement on May 25, 2026.
Key Highlights
- Active Clothing confirms no deviation in use of funds from preferential issue.
- Proceeds used for purposes stated in the offer document.
- Audit committee reviewed and noted the statement on May 25, 2026.
- ₹5.75 crore upfront consideration received for share warrants on March 18, 2026.
- Total issue size was ₹23 Crores, comprising 2000000 share warrants.
Price Impact
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