Active Clothing Co Limited, a leading ‘design-to-shelf’ platform specializing in flat-knitted sweaters, jackets, and circular-knitted apparel for global fashion brands, has announced plans to raise Rs 7.50 crore through a preferential allotment of 5,00,000 warrants.
Each warrant will be convertible into one fully paid-up equity share of the company, with a face value of Rs 10, at a conversion price of Rs 150 per share, totaling Rs 7.50 crore.
The warrants will be allotted to non-promoter stakeholders, with 2,50,000 warrants (1.56%) issued to Saajan Subhash Rathod and another 2,50,000 warrants (1.56%) to Mayank Subhash Rathod.
The funds raised will be utilized for operational expenses and capital expenditures to expand the company’s manufacturing capacity. The allotment is subject to shareholder approval.