The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manju Bothra & PACs
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The promoter group of Classic Leasing & Finance Ltd, led by Manju Bothra along with Urvee Bothra Dugar, Rajmahal Credit Capital Pvt Ltd and other PACs, acquired 37,00,000 equity shares (30.20%) through a preferential allotment on January 9, 2026. This raised the total promoter group holding from 33.49% (10,04,800 shares) to 38.41% (47,04,800 shares) on a post-allotment basis. As a result, the company's equity share capital expanded sharply from Rs. 3.00 crore (30,00,200 shares) to Rs. 12.25 crore (1,22,50,200 shares). The allotment was made to existing promoter group entities, with Manju Bothra herself receiving 26,50,000 shares (moving from 2.63% to 22.28% holding).
This is a strong positive signal showing significant promoter commitment and fresh capital infusion into the company. Shareholders may view the sharp increase in promoter stake favorably, though the promoter group still remains below the 50% majority mark at 38.41%.