Revision in Issue Price of Preferetial Allotment

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Price reactionminutes from the announcement price · days from the prior close

+1.2%Reaction day

₹42.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+1.8% vs market

Other Financial Services peers, median of 77sector+0.0%+1.2% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 1.2 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+1.2-0.6+1.8+0.0+1.2

Next day

+0.0-1.5+1.5-0.2+0.2

+1.2-1.8+3.0-0.8+2.0

+1.9-0.6+2.5-1.3+3.2

+1.9+0.8+1.1+0.0+1.9

+0.0+0.8-0.8-1.1+1.1

+1.0-0.2+1.2-1.8+2.8

15d

-4.1+1.1-5.1-0.5-3.6

-9.5-3.5-6.0-4.7-4.8

-1.9-3.2+1.3-10.5+8.6

+10.4-12.8+23.2-17.5+27.9

UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 77Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Classic Leasing & Finance Ltd has revised the issue price for its proposed preferential allotment of equity shares from ₹2,110 per share to ₹11.50 per share. The revision follows a revised valuation report (addendum dated December 12, 2025) obtained from the company's registered valuer after observations from BSE. The new fair value per share was determined at ₹11.47 after excluding negative NAV from the valuation, and the issue price of ₹11.50 is set slightly above this revised fair value to comply with SEBI regulations. All other terms of the preferential issue remain unchanged.

Likely market impact

The steep reduction in issue price from ₹2,110 to ₹11.50 per share may dilute existing shareholders more significantly than originally planned, and reflects concerns about the company's negative net asset value. However, compliance with SEBI pricing norms is now ensured.