Newspaper Publications of Offer Opening Public Announcement cum Corrigendum to Detailed Public Statement and Letter of Offer
Awaiting price reaction for this filing.
Classic Filaments Limited has informed BSE about the publication of the Offer Opening Public Announcement cum Corrigendum to the Detailed Public Statement and Letter of Offer for an ongoing Open Offer at Rs. 12 per equity share. The Open Offer is for acquisition of up to 15,89,471 equity shares (26% of paid-up capital) by acquirers Mr. Sumit Bansal, Mr. Vikkas Bansal, Mr. Tarun Jain, and Mr. Varun Jindal (acting through Dori Vinimoy Private Limited). The trigger for the offer was an underlying Share Purchase Agreement completed on December 9, 2025, under which the acquirers purchased 41,88,549 shares (68.51%) from the erstwhile promoter Mr. Anish Sharma at Rs. 10 per share, totaling Rs. 4.18 crore. Mr. Sharma has since ceased to be a shareholder and promoter of the company. The corrigendum includes a revised schedule of activities with the tendering period running from February 11, 2026 to February 25, 2026, and payment of consideration by March 12, 2026. The Independent Directors Committee has opined that the offer price of Rs. 12 is fair and reasonable under SEBI Takeover Regulations.
This filing marks a significant change in control for Classic Filaments Limited, with new promoters taking over the company through the acquisition of a majority stake. Public shareholders now have a clear opportunity to tender their shares at Rs. 12 per share during the tendering window (Feb 11-25, 2026). The stock may see price movement around the tendering period as investors evaluate whether to participate in the open offer.