Classic Filaments Limited , a textile company, has received a Detailed Public Statement for an open offer from four acquirers: Sumit Bansal, Vikkas Bansal, Tarun Jain, and Varun Jindal. This development comes as part of a significant ownership change in the company.

Key Details of the Open Offer

The open offer has been triggered following a Share Purchase Agreement dated October 24, 2025, between the acquirers and the outgoing promoters. The agreement involves the acquisition of 41,88,549 equity shares, representing 68.51% of the company's total paid-up equity and voting share capital.

As a result of this agreement, the acquirers are now required to make a mandatory open offer to the public shareholders of Classic Filaments Limited. The details of the open offer are as follows:

Public Announcement and Timeline

The Detailed Public Statement for the open offer was published on October 31, 2025, in several newspapers, including:

• The Financial Express
• Jansatta
• Pratahkal
• Ahmedabad Express

This public announcement is in line with the regulations set by the Securities and Exchange Board of India (SEBI) for substantial acquisition of shares and takeovers.

Implications for Shareholders

The open offer provides an opportunity for the public shareholders of Classic Filaments Limited to tender their shares at the offered price of Rs. 10.00 per share. Shareholders should note that participation in the open offer is voluntary.

Next Steps

Shareholders of Classic Filaments Limited are advised to carefully review the Detailed Public Statement and any subsequent documents related to the open offer. They should consider seeking independent financial advice to make an informed decision regarding their participation in the offer.

The company has stated that it will keep the stock exchanges and shareholders informed of any further developments related to this open offer, in compliance with regulatory requirements.

As this corporate action unfolds, it marks a significant change in the ownership structure of Classic Filaments Limited, potentially impacting the company's future direction and strategy.

Classic Filaments Limited (CFL) has announced the receipt of a public announcement for an open offer, marking a significant development in the company's ownership structure. The offer, dated October 24, 2025, comes from four acquirers who are poised to take control of the company.

Open Offer Details

The open offer, triggered by a Share Purchase Agreement, involves four acquirers: Sumit Bansal, Vikkas Bansal, Tarun Jain, and Varun Jindal. Here are the key details of the offer:

Share Purchase Agreement

The open offer was precipitated by a Share Purchase Agreement between the acquirers and the outgoing promoters. The agreement includes:

This transaction will result in a change of control, with the acquirers set to become the new promoters of Classic Filaments Limited.

Management of the Offer

VC Corporate Advisors Private Limited has been appointed as the manager to the open offer. A detailed public statement regarding the offer is expected to be published by October 31, 2025, providing shareholders with more comprehensive information about the proposed acquisition.

Company's Official Intimation

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Classic Filaments Limited has officially intimated the BSE Ltd about the receipt of the Public Announcement on October 25, 2025. The company's Company Secretary and Compliance Officer, Ankita P. Shroff, confirmed the receipt of the announcement through the manager to the Open Offer.

This open offer represents a significant corporate action for Classic Filaments Limited, potentially leading to a major shift in the company's ownership and control structure. Shareholders are advised to await the detailed public statement for a comprehensive understanding of the offer and its implications.