Submission of Detailed Public Statement received from Manager to the Open Offer dated October 31, 2025
Awaiting price reaction for this filing.
Classic Filaments Ltd has received the Detailed Public Statement (DPS) dated October 31, 2025 from VC Corporate Advisors Pvt Ltd, acting as Manager to the Open Offer on behalf of four acquirers — Mr. Sumit Bansal, Mr. Vikkas Bansal, Mr. Tarun Jain, and Mr. Varun Jindal. The acquirers are offering to buy up to 15,89,471 equity shares of Rs. 10 each, representing 26% of the company's paid-up share capital, from the public shareholders. The open offer was triggered by a Share Purchase Agreement signed on October 24, 2025 between the acquirers and the outgoing promoters of the company. The DPS was published on October 31, 2025 in Financial Express (English), Jansatta (Hindi), Pratahkal (Marathi), and Ahmedabad Express (Gujarati) newspapers. This follows the earlier Public Announcement made on October 25, 2025, and is a mandatory disclosure under SEBI takeover regulations.
Public shareholders of Classic Filaments can now participate in the open offer and tender their shares at the offer price. The 26% open offer size suggests a change of control at the company, and the stock price may see volatility around the offer announcement and tendering window.