The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sumit Bansal
Awaiting price reaction for this filing.
Sumit Bansal, an individual acquirer (not part of the promoter/promoter group), has acquired 15,30,000 fully paid-up equity shares of Classic Filaments Ltd, representing 25.03% of the company's total paid-up equity and voting share capital. The acquisition was done off-market through a Share Purchase Agreement dated October 24, 2025, which also triggered a public announcement for an Open Offer on the same date. The actual acquisition (settlement) took place on December 9, 2025. Before this transaction, Sumit Bansal held no shares in the company; after the acquisition, his holding stands at 15,30,000 shares (25.03%). The total equity share capital of Classic Filaments is Rs. 6.11 crore, comprising 61,13,350 equity shares of Rs. 10 each.
This is a significant change-of-control type event with a non-promoter individual acquiring a 25% stake via a block deal, which typically signals a potential takeover and will be followed by a mandatory Open Offer to public shareholders. Existing minority shareholders should watch for the Open Offer details, pricing, and any further disclosures from both the acquirer and the company.