Celebrity Fashions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/01/2026 ,inter alia, to consider and approve Issue of Equity Shares on ....
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Celebrity Fashions has informed the stock exchanges that its Board of Directors will meet on 19 January 2026 to consider two key items. First, reclassifying the company's authorized share capital, which will require changes to the capital clause of the Memorandum of Association. Second, issuing equity shares on a preferential basis to specific investors under SEBI's ICDR Regulations, with the issue price to be determined as per applicable law. The company will also need to seek shareholder approval through a general meeting or postal ballot for both these items. Separately, the trading window for insiders remains closed until 48 hours after the Q3 FY26 (quarter and nine months ended 31 December 2025) unaudited results are announced.
A preferential equity issue means new shares will be issued to selected investors, which will dilute existing shareholders' stakes. The exact impact on the stock will depend on the issue price, size, and identity of the allottees, none of which have been disclosed yet. Shareholders should watch for further announcements after the 19 January board meeting.