StockWatch
·
Garments & Apparels
Quarterly Result21 Mar 2026, 04:21 pm

Celebrity Fashions Ltd. Approves Preferential Issue of Equity Shares, Alters Redemption Date of CRPS

AI Summary

Celebrity Fashions Ltd. held a Board meeting on 21st March, 2026, where they considered and approved various matters. The company approved the alteration of date for the redemption of 50,20,900 1% Cumulative Redeemable Preference Shares (CRPS) of ₹ 10/- each to any date between 23rd March, 2026 to 30th March, 2026. Furthermore, the Board approved the redemption of 50,20,900 1% Cumulative Redeemable Preference shares (CRPS) of Rs. 10/- each. The company also approved the allotment of 48,69,933 Equity Shares having a face value of Rs. 10/- each for a cash consideration of Rs. 10.31/- per share, including a premium of Rs. 0.31/- per share by way of preferential issue on a private placement basis.

Key Highlights

  • Alteration of redemption date for 50,20,900 1% Cumulative Redeemable Preference Shares (CRPS) of ₹ 10/- each
  • Approval of redemption for 50,20,900 1% Cumulative Redeemable Preference shares (CRPS) of Rs. 10/- each
  • Allotment of 48,69,933 Equity Shares with a face value of Rs. 10/- each at Rs. 10.31/- per share
  • Issue price of ₹ 10.31- per equity share, including a premium of ₹ 0.31/- per share
  • Total Issue amount of ₹ 5,02,09,009.23