Celebrity Fashions Limited — Others, 09-01-2025: Shareholders meeting

Celebrity Fashions Limited has announced a board meeting on January 8, 2025, to seek shareholder approval for a preferential issue of up to 29,70,947 equity shares at ₹16.90 each, totaling approximately ₹5.02 crore. This move aims to raise funds for redeeming a portion of 1% Cumulative Redeemable Preference Shares (CRPS) held by State Bank of India. If approved, the issuance could enhance liquidity and address prior redemption obligations, fostering a positive outlook among investors. The remote e-voting for shareholders will commence on January 10, 2025, and close on February 8, 2025.