Classic Filaments revises EGM notice for preferential issue

Classic Filaments Limited has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice regarding a preferential issue of 47,17,740 equity shares. The company clarified that the issue will be made to 53 non-promoter allottees and will not result in any change in control or management. The EGM is scheduled to be held on June 15, 2026, through Video Conferencing. The corrigendum was published in the Financial Express (English and Gujarati editions) on June 05, 2026, pursuant to observations received from BSE Limited.

The preferential issue constitutes 43.56% of the post-issue paid-up equity share capital. The company stated that none of the proposed allottees are currently part of the promoter or promoter group, nor will they acquire control post-allotment. The aggregate amount raised through the issue is ₹24,29,63,610.

Objects of the Issue

The proceeds will be utilized for the acquisition of Procasts Engineering Private Limited and Solven Power Systems Private Limited, expansion of existing business, and general corporate purposes. The acquisitions are expected to facilitate diversification and strengthen manufacturing capabilities.

S. No.	Objects of the issue	Amount (in Lakhs)	Timeline
1.	Acquisition of Procasts Engineering Private Limited	1200.00	Within 12 months from the date of allotment
2.	Acquisition of Solven Power Systems Private Limited	200.00	Within 12 months from the date of allotment
3.	Expansion of existing business of the company	422.23	Within 12 months from the date of allotment
4.	General corporate Purposes	607.40	Within 12 months from the date of allotment
	Total	2429.63

Proposed Allottees

The company provided a revised list of 53 proposed allottees, all classified as non-promoters. The list includes entities such as Tvisha Corporate Advisors LLP and Novus Capital Advisors Private Limited, as well as individuals like Brajesh Kumar Gupta and Satish Kumar Awasthi. The corrigendum also corrected the Permanent Account Number (PAN) for allottee Abhed Goel to AADPG4923D.

The issuance of shares is subject to shareholder approval at the EGM.

Classic Filaments Limited has announced that its Board of Directors will meet on Friday, May 29, 2026. The meeting will be held at 74, Janpath, New Delhi, to discuss and approve key financial documents for the company.

Agenda for the Meeting

The primary focus of the board meeting is to consider, approve, and take on record the Standalone Audited Financial Results along with the Auditor's Report of the company. These results pertain to the quarter and the financial year ended March 31, 2026. Additionally, the board will consider any other matters with the permission of the Chair that are deemed fit or incidental to the business of the company.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company's securities is currently closed. This restriction applies to directors, promoters, designated employees, and connected persons. The window has been closed since April 1, 2026, following an intimation dated March 27, 2026.

The trading window will reopen for insiders 48 hours after the declaration of the unaudited financial results of the company. This measure ensures regulatory compliance and transparency in the trading of the company's shares.

Classic Filaments Limited, listed on the BSE with the symbol CFL, has provided this intimation to the Head – Listing Compliance at BSE Limited. The company's registered office is located in Surat, Gujarat.