Classic Leasing & Finance Limited has completed a significant equity allotment to Navdhara Verso Private Limited, marking a substantial change in its shareholding structure. The transaction, disclosed under SEBI's substantial acquisition regulations, represents one of the most significant stake acquisitions in the company's recent history.

Transaction Details

Navdhara Verso Private Limited acquired 27,50,000 fully paid-up equity shares through preferential allotment, securing a 22.45% stake in Classic Leasing & Finance Limited. The allotment was completed on January 09, 2026, as per the disclosure filed with BSE Limited and The Calcutta Stock Exchange Limited.

Capital Structure Transformation

The preferential allotment has resulted in a dramatic expansion of Classic Leasing & Finance Limited's equity base. The company's share capital increased significantly following this transaction, reflecting the substantial nature of the equity infusion.

Acquirer Profile

Navdhara Verso Private Limited, incorporated in 2022 with CIN U21000WB2022PTC257651, is registered in Kolkata, West Bengal. The company is not part of the promoter or promoter group of Classic Leasing & Finance Limited, making this acquisition a strategic investment by an external entity. The acquisition was executed under the leadership of Ved Prakash Sharma, Director of Navdhara Verso Private Limited (DIN: 09747640).

Regulatory Compliance

The transaction has been disclosed in compliance with Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Classic Leasing & Finance Limited's shares are listed on BSE Limited (Scrip Code: 540481) and The Calcutta Stock Exchange Limited (Scrip Code: 013099).

Holdings Summary

Prior to this acquisition, Navdhara Verso Private Limited held no shares in Classic Leasing & Finance Limited. Following the preferential allotment, the company now holds 27,50,000 shares, representing 22.45% of both the total share capital and voting rights. The shares acquired are fully paid-up equity shares with no encumbrances or special conditions attached.

This significant acquisition positions Navdhara Verso Private Limited as a substantial shareholder in Classic Leasing & Finance Limited, potentially influencing the company's strategic direction and governance structure going forward.

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.