Celebrity Fashions Limited — Board Meeting, 08-01-2025: Outcome of Board Meeting

The Board of Celebrity Fashions Limited has approved the issue of up to 29,70,947 equity shares at an issue price of ₹16.90 per share, aggregating to ₹5.02 crore. This preferential issue is targeted at foreign portfolio investors and requires shareholder approval through postal ballot. Following the issuance, one investor, Arial Holdings 1, will increase its stake from 4.42% to 9.19%. This strategic move is expected to strengthen the company's financial position and provide enhanced capital.