Celebrity Fashions Limited has successfully completed its Board of Directors meeting held on March 21, 2026, finalizing significant corporate actions including equity share allotment through preferential issue and approval of Cumulative Redeemable Preference Shares redemption. The meeting, which commenced at 3:00 PM and concluded at 3:45 PM, addressed key agenda items in compliance with SEBI regulations and communicated outcomes to both BSE Limited and National Stock Exchange of India Limited.

Preferential Equity Share Allotment Completed

The board has successfully allotted 48,69,933 equity shares through preferential issue on a private placement basis. This allotment was executed pursuant to shareholder approval obtained through Postal Ballot on February 18, 2026, and "In-principle Approval" from NSE and BSE received on March 9, 2026. The newly allotted equity shares rank pari-passu with existing equity shares in all aspects.

Impact on Share Capital Structure

Following the preferential allotment, the company's paid-up equity share capital has increased substantially from the existing base to accommodate the new equity shares.

Detailed Investor Allocation and Shareholding Changes

The preferential issue involved both promoter and public category investors across five participants. The allocation demonstrates strategic involvement from promoter group members including Mr. Venkatesh Rajagopal, Mr. Vidyuth Rajagopal, and Mrs. Rama Rajagopal alongside external investors Mr. Manoj Mohenka and Paradisal Precision Private Limited.

CRPS Redemption Approval

The board confirmed the alteration and approval of redemption date for 50,20,900 1% Cumulative Redeemable Preference Shares of ₹10 each. The redemption date has been rescheduled between March 23, 2026, and March 30, 2026, as the original due date of March 31, 2026, falls on a local holiday.

The company has communicated these outcomes in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with regulatory requirements and maintaining transparency with stakeholders.

Celebrity Fashions Limited has received in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for its preferential issue of 48,69,933 equity shares. The approval was granted following the successful completion of the postal ballot process and correction of a shareholding pattern error in the original notice.

Regulatory Approvals Secured

The company received in-principle approval letters from both exchanges on 9th March 2026. NSE granted approval via letter NSE/LIST/53077, while BSE issued approval through letter LOD/PREF/SS/FIP/1827/2025-2026. The approval covers the issue of 48,69,933 fully paid equity shares at face value of ₹10.00 each at a price of ₹10.31 per share, representing a premium of ₹0.31 per share.

Shareholding Pattern Correction

Prior to receiving the approvals, the company had issued a regulatory clarification correcting a typographical error in its postal ballot notice. The correction was made following observations by NSE during the processing of the company's application. The pre-issue shareholding of the Promoter Category was corrected to 33.42%, which had been inadvertently stated as 35.42% in the postal ballot notice dated 19th January 2026.

Updated Shareholding Structure

The corrected shareholding pattern shows the impact of the proposed preferential issue on various shareholder categories:

Compliance Requirements and Conditions

Both exchanges have outlined specific conditions that must be fulfilled for the final listing approval. Key requirements include filing the listing application within twenty days from the date of allotment, obtaining all statutory approvals from SEBI, RBI, and MCA, and ensuring compliance with all applicable regulations.

The exchanges have specifically advised the company to strengthen internal controls to monitor trades executed by proposed allottees and obtain undertakings from allottees confirming they will not engage in intra-day trading until the allotment date.

Impact on Share Capital

The preferential issue will increase the total share count from 5,96,78,413 shares to 6,45,48,346 shares. The promoter shareholding will marginally decrease from 33.42% to 33.15% post-issue, while public shareholding will increase correspondingly. The postal ballot was successfully passed on 18th February 2026, with shareholders approving the resolution relating to the preferential issue.