The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tarun Jain
Awaiting price reaction for this filing.
Tarun Jain, an external acquirer (not part of the promoter/promoter group), has acquired 6,00,000 fully paid-up equity shares of Classic Filaments Ltd, representing 9.81% of the company's total paid-up equity and voting share capital. The acquisition was done through an off-market Share Purchase Agreement dated October 24, 2025, which also triggered a public announcement for an Open Offer on the same date. Prior to this acquisition, Tarun Jain held no shares in the company, and his post-acquisition holding stands at 9.81%. Classic Filaments has an equity share capital of Rs. 6.11 crore divided into 61,13,350 shares of Rs. 10 each, listed on BSE with scrip code 540310.
This is a significant event for shareholders as a non-promoter entity now holds nearly 10% of the company, sitting just below the key 10% SAST trigger threshold. The accompanying Open Offer announcement means existing shareholders will likely get an opportunity to tender their shares at a specified price, which could support the stock price.