VC Corporate Advisors Pvt. Ltd. ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulations 3(1) & 4 read with Regulation 15(2) of the Securities ....
Awaiting price reaction for this filing.
Four acquirers — Mr. Sumit Bansal, Mr. Vikkas Bansal, Mr. Tarun Jain and Mr. Varun Jindal — have signed a Share Purchase Agreement dated October 24, 2025 with the outgoing promoters of Classic Filaments Ltd to buy 41,88,549 equity shares, representing 68.51% of the paid-up capital, leading to a change of control. As required under SEBI's Takeover Regulations, the acquirers have launched a mandatory open offer to public shareholders to buy up to 15,89,471 shares (26.00% of the company) at the price stated in the offer. The Detailed Public Statement (DPS) was published on October 31, 2025 in Financial Express, Jansatta, Pratahkal and Ahmedabad Express. VC Corporate Advisors Pvt. Ltd. is acting as the Manager to the Offer.
This is a change-of-control event, so shareholders should watch for the open offer price, tendering timeline and any upward revision. Expect sharp movement in the stock price as the open offer window opens, with an opportunity for retail holders to exit at the offered price if it represents a premium to market value.