In a significant corporate action, four individual acquirers have announced an open offer to acquire up to 26% stake in Classic Filaments Limited (CFL), a BSE-listed textile trading company. The move comes as part of a larger acquisition plan that could lead to a change in the company's management and control.

Open Offer Details

The acquirers, Mr. Sumit Bansal, Mr. Vikkas Bansal, Mr. Tarun Jain, and Mr. Varun Jindal, have offered to purchase up to 15,89,471 equity shares, representing 26% of CFL's total paid-up equity and voting share capital. The offer price is set at Rs 12.00 per share, valuing the potential transaction at Rs 1,90,73,652.00.

Background of the Acquisition

This open offer follows a Share Purchase Agreement (SPA) between the acquirers and CFL's existing promoters. Under the SPA, the acquirers have agreed to purchase 41,88,549 shares (68.51% stake) from the current promoters at Rs 10.00 per share. The combined transactions, if successful, could result in the acquirers gaining up to 94.51% ownership in Classic Filaments Limited.

Key Points of the Offer

• Offer Period: December 17, 2025 to December 31, 2025
• Escrow Account: Rs 1,96,00,000.00 deposited, exceeding the required amount
• Company Status: CFL has been non-operational for the last 3 years
• Valuation: A registered valuer has assessed the fair value at Rs 11.96 per share

Implications for Shareholders and the Company

This open offer presents an opportunity for Classic Filaments Limited's public shareholders to exit at a premium to the recent market price. For the acquirers, successful completion of the offer could lead to management control and potential revival of the company's operations.

Regulatory Compliance

The acquirers have committed to complying with all relevant SEBI regulations, including maintaining the minimum public shareholding requirement of 25% post-acquisition.

Offer Summary

Shareholders are advised to carefully consider the offer details and seek independent financial advice before making a decision. The completion of this offer could mark a new chapter for Classic Filaments Limited, potentially bringing fresh management and strategic direction to the 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.