The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bharatbhai K Gojariya & PACs
Awaiting price reaction for this filing.
Non-promoter shareholder Bharatbhai K Gojariya, along with PAC Dineshbhai K Gojariya, disclosed the release of 1,64,000 encumbered shares (2.682% of the total equity/voting capital) of Classic Filaments Ltd under SEBI Takeover Regulations. The shares were previously held in encumbered form (pledge/lien) and have now been sold/released via an off-market transfer on 23 April 2025. Post-transaction, the acquirer's holding in the company stands at NIL (0.000%). The total share capital of the company remains unchanged at 61,13,350 equity shares.
The release of encumbered shares removes an overhang on the stock as the pledged shares have been disposed of. For existing shareholders, this is a non-promoter transaction that does not affect promoter holding or control of the company, though it does indicate a non-promoter exit.