Active Clothing Co Ltd

Meeting Details

• Board meeting scheduled on 31 August 2026 at 11:00 A.M. at E-225, Phase-VIIIB, Mohali.

Key Agenda Items

• To consider and approve the Directors' Report and annexures for year ended 31 March 2026.
• To approve the draft notice of the 24th AGM and decide the AGM date, time, and venue.
• To consider and fix the Book Closure Date for the 24th AGM.
• To appoint a Scrutinizer to conduct voting for the 24th AGM.

Other Notes

• Intimation date for board meeting: 25 August 2026.

Pan-India distribution expansion

• Entered pan-India shop-in-shop distribution for Levi's, Nike, Jordan Kids and Ben Sherman Men's via Apparel Group.
• Apparel Group is the authorized Indian licensee for these brands.
• Projected incremental revenue of ~₹100 crore over 3-4 years, subject to market conditions and execution.
• Represents milestone from regional to pan-India distribution and retail operations platform.
• MD Rajesh Kumar Mehra signed on behalf of Active Clothing Co Limited.
• Date: 24.08.2026.

Financial results

• Board approved unaudited standalone results for quarter ended 30 June 2026.
• Auditor's limited review conducted by Kapoor Rajesh & Associates.
• Total income for the quarter: Rs 6778.78 lakhs.
• Profit for the quarter: Rs 270.80 lakhs.
• Basic EPS: Rs 1.44 for the quarter.
• Company operates garment manufacturing and trading; single segment in India.
• Upfront consideration of INR 5.75 crore received for share warrants.
• New Labour Code effective 21 November 2035; employee benefits aligned.
• Board meeting held 14 August 2026; Mohali.

Financial results and regulatory updates

• Board approved unaudited standalone Q1 2026 results for quarter ended 30 June 2026; Limited Review by Kapoor Rajesh.
• Audit Committee reviewed the results prior to Board approval.
• Single geographical segment; no reportable segments.
• Upfront share warrants proceeds of INR 5.75 crore fully utilised.
• New Labour Code implemented; employee benefits aligned; no material impact on results.

Auditor remarks

• Independent auditor's review: no opinion expressed; limited review of Q1 2026 results.

Meeting Details

• Board meeting on 14 August 2026 at 12:30 PM, at E-225, Phase-VIIIB, Mohali.

Key Agenda Items

• To consider and approve unaudited financial results for the quarter ended 30 June 2026, with Limited Review Report.
• To discuss any other matter with the approval of the chairman.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after financial results declaration.

Non-applicability under Reg 32; no fund-raising

• No fund-raising occurred via public, rights, preferential issues, or QIP in the quarter.
• Deviation/variation not applicable as no funds were raised.

New corporate and marketing office in Gurugram

• Inaugurated corporate office for international marketing and retail operations at Gurugram, NCR.
• Office located at 1107, 11th Floor, Signature Tower, South City, Sector-30, Gurugram 122001.
• Aims to strengthen marketing and retail operations to support long-term expansion strategy.

Active Clothing Co Ltd: Trading Window closed from 01st July, 2026 till 48 hours after the declaration of unaudited financial results for the Quarter ended 30th June, 2026.

Business

• Integrated apparel manufacturer offering design-to-shelf services for premium fashion brands.
• Core products include sweaters, jackets, t-shirts, shoe uppers, and multi-brand retail through NUEMO.
• Expanding from manufacturing into retail and smart knitting to build a scalable platform.

Operations

• FY26 launched NUEMO, targeting underserved markets with flexible store formats.
• Initiated warrant fundraising of up to ₹23 crore for expansion and working capital.
• Expanded product portfolio with soft wovens, garment dyeing, printing, and shoe uppers.

Financials

• FY26 total income rose 7.1% to ₹318.31 crore.
• FY26 EBITDA increased to ₹29.39 crore; EBITDA margin was 9.23%.
• FY26 PAT grew 18.9% to ₹10.05 crore; PAT margin was 3.16%.
• FY26 revenue was ₹316.44 crore versus ₹296.15 crore in FY25.
• Operating cash flow improved to ₹13.81 crore in FY26 from negative ₹10.37 crore.

Liquidity

• Net worth increased to ₹92.85 crore in FY26 from ₹77.38 crore.
• Total borrowings rose to ₹126.10 crore in FY26 from ₹120.85 crore.
• Cash and bank balance increased to ₹6.82 crore in FY26.
• Debt-to-equity remained elevated at 1.36x in FY26.

Outlook

• Management targets NUEMO to add ₹200-250 crore topline over four years.
• Company aims to reach ₹350 crore revenue in three years and ₹1,000 crore in five years.
• Growth drivers include retail expansion, capacity additions, and technology-led manufacturing.

Risks

• Management cited pricing pressure, volatile demand, and competitive textile market conditions.
• Execution risk remains on retail rollout and warrant-funded expansion plans.

Governance

• Rajesh Kumar Mehra is Managing Director.
• Renu Mehra is Non-executive Chairman; Kalika Mehra is Chief Operating Officer.
• Leadership team was strengthened with senior hires across production, exports, sampling, and finance.