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Active Clothing Co's board has approved a preferential issue of up to 2 million warrants. Each warrant converts into one equity share at Rs. 115, targeting a capital raise of 23 Cr. These warrants will be allotted to key investors, including promoters, promoter group, and non-promoters. This strategic move, pending shareholder approval at an upcoming Extra-Ordinary General Meeting, aims to bolster the company's capital base. Unexercised warrants will lapse after 18 months.