Active Clothing Co Sets Sights on Growth with Strategic Fundraise

Active Clothing Co Limited has announced a strategic fundraise through a preferential allotment of 500,000 warrants, aiming to bolster its manufacturing operations and capitalize on the growing demand in the global fashion market. The funds will support operational and capital expenditures, subject to shareholder approval.

Active Clothing Co Limited, a prominent player in India's apparel industry, is gearing up for expansion following its announcement to raise funds via a preferential allotment of 500,000 warrants. These warrants, convertible into equity shares at Rs 150 each, aim to generate Rs 7.50 crore in total.

The targeted allocation of these financial instruments involves 2,50,000 warrants for Saajan Subhash Rathod and 2,50,000 for Mayank Subhash Rathod. Aimed at bolstering the company's manufacturing capabilities, the funds are earmarked for operational needs and capital expenditures, conditional upon shareholder approval.

Rajesh Mehra, Managing Director of Active Clothing Co Limited, emphasized that this move reflects trust in the company's innovative 'design-to-shelf' model. As global demand for their apparel surges, the company is poised to expand its operations and maintain a competitive stance in the fashion sector.