Active Clothing Co Ltd approves retail foray with NUEMO brand name

At the meeting of the Board of Directors of Active Clothing Co Limited, held on Tuesday 12th May, 2026, which commenced at 1:00 P.M and concluded at 1:40 P.M, considered and approved the opening of retail Outlets under the Brand Name "NUEMO". It is a Company's strategic entry into the multi-brand retail segment.

NUEMO will operate as a multi-brand retail platform focused on capturing growth opportunities in India's Tier 2 and Tier 3 towns. The format will include flexible retail models offering men's, women's, and kids' apparel under one roof, along with category-specific stores based on market demand.

The initiative will enable creation of curated and scalable retail ecosystem aligned with evolving consumer preferences.

Further the Board noted that the NUEMO initiative is aligned with the Company's long-term growth strategy and is expected to:

- Strengthen the Company's retail presence in high-growth underserved markets
- Leverage existing manufacturing and brand-building capabilities
- Create a scalable, technology-driven retail model
- Drive sustainable and profitable expansion

The Board was informed that NUEMO is targeted to achieve a projected topline of approximately Rs. 200-250 crore within four years, subject to market conditions and execution performance.

Shares of Active Clothing Co Ltd was last trading in BSE at Rs. 137.10 as compared to the previous close of Rs. 140.80. The total number of shares traded during the day was 2840 in over 42 trades.

The stock hit an intraday high of Rs. 139.90 and intraday low of 136.30. The net turnover during the day was Rs. 392583.00.

Source : Equity Bulls

Keywords

ActiveClothingCo INE380Z01015 Apparels RetailOutlets NUEMO