Classic Filaments Limited listed 26,94,316 equity shares on the Bombay Stock Exchange (BSE) with effect from September 24, 2026. The new securities were issued on a preferential basis to non-promoters at a premium of ₹41.50 per share.

The allotment was completed on August 18, 2026, resulting in a total issue price of ₹51.50 per share. These shares carry a face value of ₹10 each and rank pari passu with the company’s existing equity shares.

Listing and trading details

The listing approval was granted by the BSE Listing Department, allowing the new securities to commence trading immediately. The specific distribution numbers for the allotted shares range from 6113351 to 8807666.

Lock-in period for non-promoters

All 26,94,316 shares issued in this preferential allotment are subject to a lock-in restriction. The shares cannot be transferred or sold until April 6, 2027. This restriction applies uniformly across the entire block of newly issued equity held by the non-promoter subscribers.

Regulatory compliance

The company intimated the exchange pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading approval letter from the exchange was enclosed as an annexure to the official communication filed by Director Vikkas Bansal.

Classic Filaments Limited reported a consolidated net profit of ₹54.54 lakh for the quarter ended June 30, 2026 (Q1FY26), marking a sharp reversal from the ₹4.81 lakh loss posted in the same period last year. This improvement was primarily driven by the inclusion of its newly acquired subsidiary, Solven Power Systems Private Limited, which generated ₹1,038.12 lakh in revenue from structural steel fabrication. The company’s core standalone business, focused on textile wholesaling, remained relatively flat with a net profit of ₹1.81 lakh. The results were published in newspapers on July 30, 2026, pursuant to SEBI regulations.

The Board of Directors approved the unaudited financial results on July 28, 2026, pursuant to Regulation 30 and Regulation 47(3) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the statutory auditors, Lakhankiya & Dosi LLP, who issued an unqualified limited review report. The meeting was held in Faridabad, Haryana. Managing Director Vikkas Bansal signed the disclosure submitted to BSE Limited.

Financial Performance

The consolidated figures reflect the combined operations of Classic Filaments Limited and its subsidiary, Solven Power Systems Private Limited, in which the parent company holds a 73.75% stake. As no subsidiary existed during the corresponding previous periods, the comparative data represents only the standalone results of the holding company, making direct year-on-year comparisons of consolidated metrics less meaningful.

On a standalone basis, Classic Filaments Limited reported revenue from operations of ₹13.50 lakh against total expenses of ₹11.69 lakh. The resulting net profit stood at ₹1.81 lakh, compared to a loss of ₹4.81 lakh in Q1FY25. Employee benefit expenses were ₹1.36 lakh, while other expenses accounted for ₹10.33 lakh.

What the Numbers Show

The most material aspect of this quarter is the structural change in the company’s revenue profile. While the legacy textile wholesale segment continues to operate at low volumes—generating just ₹13.50 lakh in revenue—the acquisition of Solven Power Systems has immediately injected over ₹1,000 lakh in quarterly revenue. This diversification into structural steel fabrication appears to be the primary driver behind the return to profitability on a consolidated basis. However, investors should note that the consolidated EBITDA margin is heavily influenced by the high-revenue, lower-margin steel fabrication business compared to the negligible activity in the textile segment.