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 expansion for the company.

Board Approval and Regulatory Compliance

The preferential allotment received comprehensive regulatory approval, including member consent dated September 23, 2025, and BSE's in-principle approval through letter reference LOD/PREF/GB/FIP1440/2025-26 dated December 29, 2025. The company had previously intimated BSE about revising the issue price from ₹10.00 per equity share to ₹11.50 per equity share on December 15, 2025.

Allotment Details and Investor Participation

The equity shares were allotted at ₹11.50 per share, including a premium of ₹1.50 per share, with a face value of ₹10.00 each. The allotment was distributed among five investors across promoter and non-promoter categories:

Capital Structure Transformation

The preferential allotment significantly expanded the company's capital base. Post-allotment, the issued, subscribed and paid-up share capital increased from ₹3,00,02,000 to ₹12,25,02,000, representing a substantial capital infusion. The total equity base expanded from 30.00 lakh shares to 1.23 crore shares.

Shareholding Pattern Changes

The allotment resulted in notable changes to the shareholding structure. Among promoters, Manju Bothra's holding increased from 79,000 shares (2.63%) to 27,29,000 shares (22.28%), while Urvee Bothra Dugar's stake grew from 10,000 shares (0.33%) to 8,60,000 shares (7.02%). The non-promoter entities, Navdhara Verso Pvt. Ltd. and Sunlike Exim Pvt. Ltd., entered as new significant shareholders with 22.45% and 22.86% stakes respectively.

Regulatory Status and Share Rights

The newly allotted equity shares rank pari-passu with existing equity shares in all respects, including dividend rights. While BSE has provided in-principle approval, the company noted that approval from The Calcutta Stock Exchange Limited is still pending. The Board meeting for the allotment was conducted from 5:00 p.m. to 6:00 p.m. on January 09, 2026, with all procedural requirements under SEBI ICDR Regulations and the Companies Act, 2013 being fulfilled.

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:

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:

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.