Celebrity Fashions Limited has informed the Exchange about 1.Allotment of 48,69,933 Equity Shares through preferential Issue. 2.Alteration of date for the redemption of 50,20,900 1% Cumulative Redeemable Preference Shares (CRPS) of Rs.10 each. 3.Redemption of 50,20,900 1% Cumulative Redeemable Preference Shares (CRPS) of Rs.10/- each.
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Celebrity Fashions has allotted 48,69,933 equity shares at Rs. 10.31 per share (face value Rs. 10 plus a premium of Rs. 0.31) through a preferential issue on a private placement basis, raising about Rs. 5.02 crore in total. The shares went to 5 investors — three from the promoter group (Venkatesh Rajagopal, Vidyuth Rajagopal, Rama Rajagopal) and two from the public category (Manoj Mohenka and Paradisal Precision Pvt Ltd). With this allotment, the company's paid-up equity capital has increased from Rs. 59.68 crore to Rs. 64.55 crore. Separately, the Board approved the redemption of 50,20,900 1% Cumulative Redeemable Preference Shares (CRPS) of Rs. 10 each, with the redemption date shifted to between March 23 and March 30, 2026, since March 31 is a local holiday.
The preferential issue causes roughly 8% dilution for existing shareholders, though promoter family members are the main allottees and their control remains intact. The Rs. 0.31 premium is nominal, so there is no meaningful price benefit to existing holders. The CRPS redemption is a routine capital cleanup that simplifies the company's capital structure.