Classic Leasing & Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/08/2025 ,inter alia, to consider and approve Fund Raising and ....
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Classic Leasing & Finance Ltd has informed BSE that its Board of Directors will meet on Friday, August 22, 2025, to consider and approve proposals for raising funds. The fund raising may happen in one or more tranches through various routes including bonds, debentures, non-convertible debt instruments, convertible warrants, equity shares, or other securities. The methods under consideration include preferential issue on private placement basis, qualified institutions placement (QIP), rights issue, or any other permitted method or combination thereof. Issue price determination and regulatory approvals are also on the agenda. The trading window for dealing in the company's securities has been closed from August 19, 2025 to August 25, 2025, both days inclusive.
This is a pre-announcement intimation and does not specify the exact amount, instrument, or pricing. Once the Board meeting concludes on August 22, 2025, shareholders will get clarity on dilution risk (if equity is issued) or debt servicing impact (if NCDs/debentures are issued). The stock may see some volatility around the meeting date due to the closed trading window and speculation on the fund raise structure.