Classic Filaments Ltd — Important, 21-03-2026: Company Update

Classic Filaments has announced a significant leadership change following a successful Open Offer and shift in company control. The former Managing Director, Chief Financial Officer, and several other Directors, including independent and promoter directors, have resigned. A new management team has been appointed, with Mr. Vikkas Bansal stepping in as Chairman and Managing Director and Ms. Priyanka as Chief Financial Officer. Other key appointments include a new Executive Director and new Independent Directors. This marks a complete overhaul of the company's strategic direction and operational leadership, crucial for investors monitoring the company's future path.