The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bharat Patel & Others
Awaiting price reaction for this filing.
Classic Filaments Ltd (BSE: 540310) has reported an off-market sale of equity shares by four members of its promoter group — Bharat Anandkumar Patel, Amit Anandbhai Patel, Jayanti Madhubhai Gaudani, and Ajay Madhubhai Gaudani. The disposal was carried out on December 9, 2025, pursuant to a Share Purchase Agreement dated October 24, 2025. Approximately 10.59 lakh shares, representing around 17% of the company's equity capital (total capital: 61,13,350 shares of Rs. 10 each), were transferred off-market. Two of the four promoters appear to have sold nearly their entire holdings while Ajay Madhubhai Gaudani retained his full stake of about 41.88 lakh shares (68.51%), keeping the promoter group's post-sale holding well above the 50% mark.
A 17% off-market block transfer by promoters is a material change in ownership and may indicate a strategic stake sale to a private buyer. While the promoter group remains in control, retail investors should monitor who the acquirer is, as it could influence future direction of the company.