Pursuant to Regulation 30 of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith intimation on Change in Designation
Awaiting price reaction for this filing.
Classic Filaments Ltd has informed BSE that the Board of Directors, at its meeting held on 30th July 2025, approved a change in designation of Mr. Jayanti Gaudani (DIN: 03571671) from Managing Director to Whole-Time Director, effective the same date. The change is subject to approval from shareholders at the upcoming Annual General Meeting. Mr. Gaudani is a promoter of the company, has been associated with it for the past 10 years, and has over 17 years of experience in the textile industry. He is related to other promoter directors Mr. Bharat Patel (Promoter Director and CFO) and Mr. Amit Patel (Non-Executive Promoter Director). The filing confirms he has not been debarred from holding directorship by any authority.
This is an internal restructuring of a promoter director's role, reducing his authority from Managing Director to Whole-Time Director. Shareholders will need to approve this change at the AGM, but it does not affect his continued involvement with the company. The stock price impact is likely minimal as it is a title change rather than a leadership departure.