Event Details

The corrigendum provides additional disclosures and clarifications forming part of the explanatory statement annexed to the Original EGM Notice. The EGM is scheduled to be held on Monday, 15th June 2026 at 12:00 P.M. through Video Conferencing/Other Audio Visual Means.

Key Quantitative Figures

  • Total equity shares to be issued: 47,17,740
  • Total issue amount: ₹24,29,63,610
  • Post-issue capital dilution: 43.56%
  • Fund utilization breakdown:
  • Acquisition of Procasts Engineering Private Limited: ₹1,200.00 lakhs
  • Acquisition of Solven Power Systems Private Limited: ₹200.00 lakhs
  • Expansion of existing business: ₹422.23 lakhs
  • General corporate purposes: ₹607.40 lakhs
  • Total utilization: ₹2,429.63 lakhs

Parties Involved

The preferential issue is proposed to be made to 53 allottees, all belonging to the Non-Promoter category. Major allottees include:

  • Tvisha Corporate Advisors LLP: 2,42,720 shares (2.24% post-issue)
  • Novus Capital Advisors Private Limited: 2,00,000 shares (1.85% post-issue)
  • Multiple individual and corporate allottees with allocations ranging from 0.27% to 1.79% of post-issue capital

Financial and Operational Impact

The proposed allotment shall not result in any change in control or management of the Company. None of the proposed allottees are presently part of the Promoter or Promoter Group, and none will become Promoters post-allotment.

Acquisition Details

1. Procasts Engineering Private Limited: ₹1,200.00 lakhs allocation for acquisition of company engaged in Aluminium Die Casting business. Expected completion within 12 months from allotment date.

2. Solven Power Systems Private Limited: ₹200.00 lakhs allocation for acquisition of company engaged in structure steel fabrication business. Expected completion within 12 months from allotment date.

Timeline

All fund utilization is planned within 12 months from the date of allotment of Equity Shares under the Preferential Issue.

Capital Structure Impact

The aggregate allotment of 47,17,740 Equity Shares will constitute 43.56% of the post-issue paid-up equity share capital of the Company.

Additional Information

The corrigendum is available on the Company's website at www.classicfilamentsltd.com and on BSE Limited's website at www.bseindia.com.