The Board of the director of the company in its meeting held today ,discussed about the current adverse market conditions and a significant decline in the share price of the company. Given the current volatility in the market, the board believe that proceeding with the proposed issuance of share warrants may not be in the best interest of the shareholders. Company stands committed to safeguarding the long-term value of the shareholders and aim to continue to monitor the market conditions closely. the Board has concluded that EGM scheduled to be held on 07th April,2025 shall stand cancelled and issue of share warrants convertible into equity shares to the proposed allottees stands cancelled and E voting facility on the said item of business also stands cancelled.

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Active Clothing Co Ltd.

02 Apr 2025

137.75

1.66%

Board Meeting

Active Clothing Co Ltd - 541144 - Board Meeting Outcome for Cancellation Of Extra Ordinary General …

BSE India

The Board of the Directors of the Company in its meeting held today, discussed about the current adverse market conditions and a significant decline in the share price of Active Clothing Co Limited. Given the current volatility in the market, The Board believe that proceeding with the proposed issuance of share warrants may not be in the best interest of shareholders. Company stands committed to safeguarding the long-term value of the shareholders and aims to continue to monitor the market conditions closely. The Board will assess alternative financing strategies in due course and will keep updated on developments. The Board of Directors has concluded that an Extra Ordinary General Meeting (EGM) scheduled to be held on 07.04.2025 shall stand cancelled and issue of warrants convertible into equity shares to the proposed allottees, on preferential basis stands cancelled. The e-voting facility provided by the company for voting on the said item of business also stands cancelled.

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Is Active Clothing Co Ltd. worth buying?

26 Votes:

Buy 84.62%

Sell 11.54%

Hold 3.85%