Celebrity Fashions Limited has informed the Exchange about Change in Company Secretary/Compliance Officer
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Celebrity Fashions has approved the closure of its manufacturing and washing plant at Vellanur, Chennai, with operations to be merged into its existing MEPZ-SEZ Tambaram facility by August 15, 2025. The Vellanur plant contributed ₹43.84 crore, or 26.53% of the company's revenue, in the last financial year. The company says the move is for strategic reasons, likely aimed at cutting costs and improving efficiency. Separately, Mr. S. Vivekanandan has been appointed as the new Company Secretary and Compliance Officer (Key Managerial Personnel) with effect from July 29, 2025.
The plant closure affects a quarter of the company's revenue base and could lead to short-term disruption, though consolidation may improve margins over time. Shareholders should watch for any one-time restructuring costs in upcoming quarterly results.