The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vikkas Bansal
Awaiting price reaction for this filing.
Vikkas Bansal (identified as Acquirer 2) 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 executed off-market through a Share Purchase Agreement dated October 24, 2025, pursuant to which a public announcement for an Open Offer was made on the same date. The acquirer has explicitly confirmed that he does NOT belong to the Promoter or Promoter Group of the company. Prior to this acquisition, the acquirer held zero shares; post-acquisition, his holding stands at 25.03%. The target company's total equity share capital is Rs. 6.11 crore divided into 61,13,350 equity shares of Rs. 10 each.
This is a significant change-of-control type event where a non-promoter entity has crossed the critical 25% SAST takeover threshold, triggering an open offer obligation. Shareholders should watch for the detailed open offer document, which could affect stock price due to potential change in management/control dynamics.