Celebrity Fashions Limited has received in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for its preferential issue of 48,69,933 equity shares. The approval was granted following the successful completion of the postal ballot process and correction of a shareholding pattern error in the original notice.

Regulatory Approvals Secured

The company received in-principle approval letters from both exchanges on 9th March 2026. NSE granted approval via letter NSE/LIST/53077, while BSE issued approval through letter LOD/PREF/SS/FIP/1827/2025-2026. The approval covers the issue of 48,69,933 fully paid equity shares at face value of ₹10.00 each at a price of ₹10.31 per share, representing a premium of ₹0.31 per share.

Shareholding Pattern Correction

Prior to receiving the approvals, the company had issued a regulatory clarification correcting a typographical error in its postal ballot notice. The correction was made following observations by NSE during the processing of the company's application. The pre-issue shareholding of the Promoter Category was corrected to 33.42%, which had been inadvertently stated as 35.42% in the postal ballot notice dated 19th January 2026.

Updated Shareholding Structure

The corrected shareholding pattern shows the impact of the proposed preferential issue on various shareholder categories:

Compliance Requirements and Conditions

Both exchanges have outlined specific conditions that must be fulfilled for the final listing approval. Key requirements include filing the listing application within twenty days from the date of allotment, obtaining all statutory approvals from SEBI, RBI, and MCA, and ensuring compliance with all applicable regulations.

The exchanges have specifically advised the company to strengthen internal controls to monitor trades executed by proposed allottees and obtain undertakings from allottees confirming they will not engage in intra-day trading until the allotment date.

Impact on Share Capital

The preferential issue will increase the total share count from 5,96,78,413 shares to 6,45,48,346 shares. The promoter shareholding will marginally decrease from 33.42% to 33.15% post-issue, while public shareholding will increase correspondingly. The postal ballot was successfully passed on 18th February 2026, with shareholders approving the resolution relating to the preferential issue.

Celebrity fashions Limited has officially submitted its postal ballot results to BSE Limited and National Stock Exchange of India Limited under Regulation 44(3) of SEBI Listing Obligations, confirming successful passage of two special resolutions on 18th February 2026.

Regulatory Compliance and Submission

The company formally communicated the postal ballot outcomes to both stock exchanges, providing comprehensive documentation including voting results and the scrutinizer's report. The submission covers resolutions related to share capital reclassification and preferential equity issue approval.

Postal Ballot Results Overview

The postal ballot process witnessed strong participation from shareholders across all categories. The e-voting period remained open from 20th January 2026 at 9:00 AM to 18th February 2026 at 5:00 PM, allowing adequate time for shareholder participation.

Resolution 1: Share Capital Reclassification

The special resolution for reclassification of authorized share capital and consequent amendment to the capital clause in the Memorandum of Association received overwhelming approval with 99.9995% votes in favor.

Resolution 2: Preferential Issue Approval

The second special resolution for approval of equity share issue through preferential placement on private placement basis to investors secured strong support with 99.9961% approval rate, despite some opposition from public non-institutional investors.

Scrutinizer Certification and Process

K.J. Chandra Mouli from BP & Associates, appointed as scrutinizer by the Board of Directors on 19th January 2026, submitted the final report confirming both resolutions passed with requisite majority. The voting process was conducted through CDSL's e-voting platform, ensuring transparency and compliance with Section 108 of the Companies Act 2013 and SEBI Listing Regulations.

The scrutinizer unblocked votes on 18th February 2026 in the presence of two independent witnesses, Mr. Prithvi K Shah and Ms. Shobika Saseendran, maintaining complete transparency in the vote counting process. Both resolutions are deemed to have been passed on 18th February 2026, enabling the company to proceed with its strategic corporate restructuring initiatives.