Celebrity Fashions Limited — Board Meeting, 28-01-2025: Outcome of Board Meeting

The Board of Directors of Celebrity Fashions Limited has decided to withdraw the proposed preferential issue of 29,70,947 equity shares to Arial Holdings 1. This decision follows a thorough review of operational and strategic constraints, leading to the cancellation of the associated Postal Ballot process. The company assures stakeholders of its commitment to explore alternative strategic initiatives to support growth. The board meeting commenced at 4:30 PM and concluded at 5:30 PM.