Latest news about Classic Filaments
Classic Filaments
51.00
-2.30(-4.32%)
Company Performance:
View Company Insights1D-4.32%
1M-0.58%
6M+0.97%
1Y+107.40%
5Y+942.94%
More news about Classic Filaments
18Mar 26
Classic Filaments Completes Post-Offer Formalities Following Minimal Open Offer Response
Classic Filaments Limited completed regulatory formalities by filing newspaper publication of post-offer advertisement with BSE on March 18, 2026. The open offer by four acquirers concluded with minimal response, receiving only one share tender against the target of 15,89,471 shares, while the acquirers successfully acquired 68.51% stake through prior Share Purchase Agreement.
07Mar 26
Classic Filaments Limited Receives ₹1.98 Crore Demand Notice from Income Tax Department
Classic Filaments Limited disclosed receiving a ₹1.98 crore demand notice from Income Tax Department, Surat on March 06, 2026 under Section 156 of Income Tax Act, 1961. The assessment order covers Sections 147, 263, and 144B of the same Act. The company is preparing its response within the specified timeframe and stated that financial impact cannot be quantified as it depends on further proceedings and potential appeals.
28Feb 26
Classic Filaments Limited Announces Resignation of Company Secretary and Compliance Officer
Classic Filaments Limited announced the resignation of Company Secretary and Compliance Officer Mrs. Ankita Prasiddha Shroff, effective February 28, 2026. She submitted her resignation on January 31, 2026, to pursue new career opportunities outside the organization. The company has notified BSE Limited under SEBI Listing Regulations and is actively searching for a suitable replacement for this key managerial personnel position.
24Feb 26
Classic Filaments Limited Receives BSE Advisory Letter for Delayed Regulation 31A Compliance
Classic Filaments Limited received an advisory letter from BSE Limited on February 24, 2026, regarding delayed compliance with Regulation 31A of SEBI regulations related to promoter reclassification. The matter stems from BSE's approval for promoter reclassification received on October 25, 2024, and disseminated by the company on October 28, 2024. The company has confirmed no anticipated impact on its financial, operational, or other business activities.
11Feb 26
Classic Filaments Limited Publishes Open Offer Announcement in Newspapers
Classic Filaments Limited has officially published its Offer Opening Public Announcement in newspapers, confirming the ongoing mandatory open offer by four acquirers targeting 15,89,471 equity shares representing 26% stake at ₹10 per share. The company's Compliance Officer Ankita P. Shroff informed BSE Limited about the newspaper publication compliance under SEBI regulations.
31Jan 26
Classic Filaments Limited Reports Q3 FY26 Loss of ₹1.43 Lakhs with Zero Revenue
Classic Filaments Limited announced Q3 FY26 results showing a net loss of ₹1.43 lakhs with zero operational revenue, representing a 37.55% improvement from the previous year's ₹2.29 lakhs loss. The company published its financial results in newspapers as per SEBI Regulation 47 compliance requirements.
11Dec 25
Classic Filaments: Multiple Stake Acquisitions Complete Corporate Restructuring
Classic Filaments Limited witnessed significant corporate restructuring as four promoter sellers disposed of 41,88,549 equity shares representing 68.51% stake through off-market transactions. Multiple acquirers including Sumit Bansal and Tarun Jain have filed mandatory regulatory disclosures confirming their respective acquisitions of 25.03% and 9.81% stakes, establishing new ownership structure for the textile trading company.
11Nov 25
Classic Filaments Reports Quarterly Loss, Faces Income Tax Assessment
Classic Filaments Limited (CFL) announced a net loss of ₹7.71 lakhs for Q2 FY2026, an improvement from ₹10.96 lakhs loss in Q2 FY2025. The company reported no revenue from operations. Cash and cash equivalents decreased from ₹70.90 lakhs to ₹3.71 lakhs. An ongoing income tax assessment for FY 2018-19 under Section 263 is investigating alleged bogus purchases, but management expects no material impact on current financials.
31Oct 25
Classic Filaments Limited Receives Open Offer from Four Acquirers
Classic Filaments Limited, a textile company, has received an open offer from four acquirers: Sumit Bansal, Vikkas Bansal, Tarun Jain, and Varun Jindal. The offer follows a Share Purchase Agreement dated October 24, 2025, for 68.51% of the company's equity. The mandatory open offer to public shareholders is for up to 15,89,471 equity shares (26.00% of total equity) at Rs. 10.00 per share. VC Corporate Advisors Private Limited is managing the offer. The Detailed Public Statement was published on October 31, 2025, in various newspapers.
25Oct 25
Classic Filaments Limited Receives Open Offer for 26% Stake at Rs 12 Per Share
Classic Filaments Limited (CFL) has received a public announcement for an open offer from four acquirers: Sumit Bansal, Vikkas Bansal, Tarun Jain, and Varun Jindal. The offer is for 15,89,471 equity shares, representing 26.00% of the total equity, at Rs 12.00 per share. This follows a Share Purchase Agreement where the acquirers will buy 68.51% stake from outgoing promoters at Rs 10.00 per share. VC Corporate Advisors Private Limited is managing the offer. CFL has officially informed BSE Ltd about the announcement.
30Jul 25
Classic Filaments Reshuffles Leadership, Approves Q2 Results, and Addresses Tax Matter
Classic Filaments Ltd has made significant announcements. Mr. Jayanti Gaudani's designation changed from Managing Director to Whole-Time Director, effective July 30, 2025, subject to shareholder approval. The Board approved unaudited financial results for Q2 2025. An ongoing income tax assessment for FY 2018-19 related to alleged bogus purchases was noted, but management expects no material impact.
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