The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Navdhara Verso Pvt Ltd
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Navdhara Verso Private Limited has acquired 27,50,000 fully paid-up equity shares of Classic Leasing & Finance Ltd, representing 22.45% of the company's total equity and voting capital. The acquisition was made through a preferential allotment on January 9, 2026, and the acquirer is not part of the promoter or promoter group. Before this acquisition, Navdhara Verso held zero shares; after the allotment, it holds 22.45%. The company's total equity capital expanded from Rs. 3.00 crore (30,00,200 shares) to Rs. 12.25 crore (1,22,50,200 shares) as a result of this preferential issue.
A new non-promoter entity now holds a sizeable 22.45% stake, sitting just below the 25% open offer trigger threshold under SEBI takeover rules. This is a significant change in the company's shareholding pattern and could attract scrutiny or further action from the new shareholder.