Classic filaments Limited has received a demand notice of ₹1.98 crore from the Income Tax Department, Surat, as disclosed in its regulatory filing dated March 07, 2026. The company made this disclosure under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Tax Demand Details

The demand notice was received on March 06, 2026, and pertains to multiple sections of the Income Tax Act, 1961. The company has provided comprehensive details of the tax proceedings in its regulatory filing.

Legal Framework and Compliance

The demand notice has been issued under Section 156 of the Income Tax Act, 1961, with the related assessment order covering multiple sections including 147, 263, and 144B of the same Act. This disclosure follows the company's earlier communication dated October 28, 2026, indicating ongoing tax proceedings.

The company has committed to responding to the order within the specified timeframe and taking all requisite steps in this regard. Classic Filaments has also assured stakeholders that it will provide updates on any further developments as they occur.

Financial Impact Assessment

Regarding the financial implications, the company has stated that the impact cannot be quantified at present. The actual financial effect will depend on the outcome of further proceedings, including potential appeals to higher tax authorities. Classic Filaments is currently evaluating its options and preparing its response to the tax demand.

Regulatory Disclosure

This disclosure was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing was signed by Bharat A. Patel, Director and CFO of the company, ensuring proper corporate governance standards are maintained during this tax proceeding.

Classic filaments Limited has officially notified BSE Limited about the resignation of its Company Secretary and Compliance Officer, Mrs. Ankita Prasiddha Shroff, effective February 28, 2026. The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mrs. Ankita Prasiddha Shroff, holding membership number A36425, formally submitted her resignation letter on January 31, 2026. Her decision to step down from the key managerial personnel position stems from her intention to pursue new career opportunities outside the organization.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing the stock exchange pursuant to Regulation 30, read with Para A, Part A of Schedule III of SEBI Listing Regulations. The notification also references the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Classic Filaments Limited's Director and CFO, Bharat A. Patel (DIN: 00249234), signed the official communication to BSE Limited on February 28, 2026. The company has provided comprehensive details as required under the regulatory framework, including the complete resignation letter from Mrs. Shroff.

Succession Planning

The company has indicated that it is actively engaged in the process of identifying and hiring a suitable candidate for the Company Secretary and Compliance Officer position. Classic Filaments Limited has committed to informing the stock exchange once the vacancy is filled, ensuring continuity in its compliance and secretarial functions.

Mrs. Shroff expressed gratitude to the management and Board of Directors for the opportunity to work with the organization and acknowledged their support during her tenure. She specifically requested the company to file necessary forms with the Registrar of Companies and provide intimation to stock exchanges to formalize her resignation.