Classic Filaments Ltd — Important, 18-03-2026: Company Update

Classic Filaments announced a significant change in its ownership structure. A group of acquirers, including Mr. Sumit Bansal, Mr. Vikkas Bansal, Mr. Tarun Jain, and Mr. Varun Jindal, have agreed to acquire 41,88,549 equity shares, representing 68.51% of the company's total equity. Following a successful open offer, these individuals will be classified as the new promoters. Consequently, the current promoters will be reclassified as public shareholders. This reclassification is contingent on the outgoing promoters meeting specific conditions, ensuring they no longer exert control or hold significant influence. This move marks a major shift in the company's leadership and ownership.