Celebrity Fashions Limited — Important, 12-03-2025: General Updates

Celebrity Fashions Limited has received in-principle approval from both the National Stock Exchange and BSE for the issuance of 31,26,339 fully paid-up equity shares at a price of Rs. 16.06 each, which includes a premium of Rs. 6.06 per share, through a preferential issue. This move is aimed at bolstering the company's capital base and enhancing financial flexibility. The shares are expected to be allotted soon, following compliance with necessary regulatory guidelines and internal controls to ensure non-compliance issues do not arise. This development may positively influence the company's liquidity position and future growth opportunities, making it an important event for investors to watch closely.