Classic Leasing & Finance Completes ₹10.64 Crore Preferential Allotment of 92.50 Lakh Equity Shares

Classic Leasing & Finance Limited has successfully completed a preferential allotment of 92.50 lakh equity shares, raising ₹10.64 crores from a mix of promoter and non-promoter investors. The board of directors approved the allotment on January 09, 2026, marking a significant capital raising exercise for the financial services company.

Allotment Details and Pricing

The equity shares were allotted at ₹11.50 per share, including a premium of ₹1.50 per share over the face value of ₹10.00. This pricing represents a revision from the initially proposed ₹10.00 per share, which was updated following an intimation to BSE on December 15, 2025. The allotment received in-principle approval from BSE Limited on December 29, 2025.

Investor Composition and Share Distribution

The preferential allotment attracted five investors across promoter and non-promoter categories, with the following distribution:

Investor Category	Name	Shares Allotted	Consideration Amount
Promoter	Manju Bothra	26,50,000	₹3,04,75,000
Promoter	Urvee Bothra Dugar	8,50,000	₹97,75,000
Promoter Group	Rajmahal Credit Capital Pvt. Ltd.	2,00,000	₹23,00,000
Non-Promoter	Navdhara Verso Pvt. Ltd.	27,50,000	₹3,16,25,000
Non-Promoter	Sunlike Exim Pvt. Ltd.	28,00,000	₹3,22,00,000

The largest individual allocation went to promoter Manju Bothra with 26.50 lakh shares, while non-promoter entities Navdhara Verso Pvt. Ltd. and Sunlike Exim Pvt. Ltd. received substantial allocations of 27.50 lakh and 28.00 lakh shares respectively.

Impact on Share Capital Structure

The preferential allotment significantly expanded Classic Leasing & Finance Limited's equity base. The company's issued, subscribed and paid-up share capital increased from ₹3.00 crores to ₹12.25 crores following the allotment. The newly issued equity shares rank pari-passu with existing equity shares in all respects, including dividend rights.

Shareholding Pattern Changes

The allotment resulted in notable changes to the shareholding pattern, particularly for the allottees:

Allottee	Pre-Issue Holding (%)	Post-Issue Holding (%)	New Shareholding
Manju Bothra	2.63%	22.28%	27,29,000 shares
Urvee Bothra Dugar	0.33%	7.02%	8,60,000 shares
Rajmahal Credit Capital Pvt. Ltd.	1.30%	1.95%	2,39,000 shares
Navdhara Verso Pvt. Ltd.	0.00%	22.45%	27,50,000 shares
Sunlike Exim Pvt. Ltd.	0.00%	22.86%	28,00,000 shares

The calculations are based on the expanded equity capital of 1,22,50,200 equity shares post-allotment.

Regulatory Compliance and Approvals

The preferential allotment was conducted in accordance with Chapter V of the SEBI ICDR Regulations, the Companies Act, 2013, and other applicable laws. The company had received member approval on September 23, 2025, and obtained in-principle approval from BSE Limited. However, approval from The Calcutta Stock Exchange Limited remains pending.

The board meeting for approving the allotment was held from 5:00 p.m. to 6:00 p.m. on January 09, 2026, with Managing Director Chandra Shekhar Sony overseeing the proceedings. The allotment represents a strategic capital raising initiative that strengthens the company's financial position while bringing in both promoter and external investor participation.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-5.00%	-1.76%	+53.45%	+32.76%	+117.73%

Classic Leasing & Finance Limited has announced a revision in the issue price of its proposed preferential allotment of equity shares. The company informed BSE Limited on December 22, 2025, about the price adjustment following regulatory observations and an updated valuation report.

Revised Issue Price Details

The company has made significant changes to its preferential allotment pricing structure based on a fresh valuation assessment:

Parameter:	Previous	Revised
Issue Price per Share:	₹10.00	₹11.50
Fair Value per Share:	Not disclosed	₹11.47
Valuation Report Date:	August 22, 2025	December 12, 2025 (Addendum)

Valuation Report Update

Pursuant to observations from BSE Limited, Classic Leasing & Finance obtained an addendum to its original valuation report dated August 22, 2025, from its registered valuer. The addendum, dated December 12, 2025, revised the fair value of equity shares to ₹11.47 per share. This revision came after excluding the negative Net Asset Value (NAV) from the valuation computation methodology.

Regulatory Compliance

The revised issue price of ₹11.50 per share has been set higher than the updated fair value of ₹11.47 per share, ensuring compliance with applicable SEBI regulations. The company has structured this preferential allotment in accordance with:

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018

Terms and Conditions

The company has clarified that all other terms and conditions of the proposed preferential issue remain unchanged despite the price revision. Only the per-share issue price has been modified to align with the updated valuation and regulatory requirements. The preferential allotment will proceed under the revised pricing structure while maintaining all previously established conditions and parameters.

The disclosure was made by Managing Director Chandra Shekhar Sony for information and record purposes, confirming the company's commitment to regulatory compliance and transparent communication with stakeholders.