In a significant corporate development, four promoter sellers have completed the disposal of a majority stake in Classic Filaments Limited (CFL), a textile trading company. The transaction has been further detailed through multiple acquirer disclosures, with both Sumit Bansal and Tarun Jain filing mandatory regulatory disclosures for their respective acquisitions.

Transaction Overview

Bharat Anandkumar Patel, Amit Anandbhai Patel, Jayanti Madhubhai Gaudani, and Ajay Madhubhai Gaudani have collectively disposed 41,88,549 equity shares, representing 68.51% of Classic Filaments' total paid-up equity and voting share capital. The disposal was executed through off-market transactions at Rs 10.00 per share on December 09, 2025.

Multiple Acquirer Disclosures

Two separate acquirers have filed disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Sumit Bansal acquired 15,30,000 equity shares representing 25.03% stake, while Tarun Jain acquired 6,00,000 equity shares representing 9.81% of the company's total paid-up equity and voting share capital.

Individual Seller Breakdown

The disposal involved four promoter sellers, with each disposing different shareholding percentages:

Company Structure and Transaction Framework

The acquisitions were executed through a Share Purchase Agreement dated October 24, 2025, pursuant to which a public announcement for an Open Offer was made on the same date. The transactions were completed under Regulation 22(2) of the SEBI (SAST) Regulations after the expiry of twenty-one working days from the Detailed Public Statement published on October 31, 2025.

Market Impact

This completed transaction marks a significant ownership change for Classic Filaments, with the promoter sellers completely exiting their positions while new controlling stakeholders have acquired a commanding majority. The uniform pricing structure and coordinated acquisition by multiple parties demonstrates the organized nature of this corporate restructuring. With confirmed acquisitions by Sumit Bansal (25.03%) and Tarun Jain (9.81%), along with other acquirers totaling the 68.51% disposal, the transaction establishes a new ownership structure that could lead to potential changes in management and strategic direction for the textile trading company.

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.