Outcome of Board Meeting held on March 21, 2026 relating to Change in Board of Directors, KMP and Management after the completion of Open Offer

Classic Filaments Ltd has undergone a complete board overhaul following the successful completion of an Open Offer by acquirers Mr. Sumit Bansal, Mr. Vikkas Bansal, Mr. Tarun Jain, and Mr. Varun Jindal, resulting in a change of control. Five outgoing directors — Mr. Bharat Patel (Director & CFO), Mr. Amit Patel (Promoter Director), Mr. Jayanti Gaudani (Managing Director), Mr. Bhavesh Dholiya (Independent Director), and Mrs. Arunaben Kachchhi (Woman Independent Director) — resigned effective March 22, 2026. In their place, the company appointed six new members: Mr. Vikkas Bansal as Chairman & Managing Director and Mr. Tarun Jain as Executive Director (both from the acquirer/promoter group), along with two new Independent Directors (Mr. Maneesh Gupta, Mr. Sushil), a new Woman Independent Director (Ms. Sathi Kundu), and Ms. Priyanka as the new CFO.