Classic Filaments Approves Preferential Allotment of 26.94 Lakh Shares

Classic Filaments Limited's Board of Directors has approved the preferential allotment of 26,94,316 equity shares at an issue price of ₹51.50 per share, aggregating ₹13.88 Crores. This allotment, including a premium of ₹41.50 per share, will increase the company's paid-up equity share capital to ₹8.81 Crores, comprising 88,07,666 equity shares. The newly allotted shares will rank pari passu with existing shares and are subject to applicable lock-in requirements. The company will seek listing and trading approval for these shares from the stock exchanges.