This is to inform you that the Board of Directors of the Company at its meeting held on Wednesday, 3rd September, 2025 commenced at 05.00 p.m. and concluded at 6.30 p.m. inter alia has ....
Awaiting price reaction for this filing.
The Board of Directors of Classic Filaments Ltd, at its meeting on 3rd September 2025, approved the change in designation of Mr. Jayanti Gaudani from Whole-Time Director to Managing Director (Key Managerial Personnel), effective immediately. Mr. Gaudani was originally appointed as Whole-Time Director on 30th July 2025, and his elevation to MD is subject to shareholder approval at the upcoming general meeting. He is a Commerce graduate from Mumbai University with over 17 years of textile industry experience and has been associated with the company for the past 10 years. Mr. Gaudani is a promoter of the company and is related to other promoter directors Mr. Bharat Patel (Director & CFO) and Mr. Amit Patel (Non-Executive Promoter Director). He has not been debarred from holding any directorship by SEBI or any other authority.
This is an internal promoter restructuring with Mr. Gaudani being elevated to the Managing Director role, reinforcing promoter-family control of the company. For shareholders, this is a neutral-to-mildly positive signal as it brings continuity and dedicated leadership, though it means no new external management direction has been introduced.