VC Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Offer Opening Public Announcement cum Corrigendum to the Detailed Public Statement and Letter of Offer ....
Awaiting price reaction for this filing.
Four individuals — Mr. Sumit Bansal, Mr. Vikkas Bansal, Mr. Tarun Jain, and Mr. Varun Jindal (collectively called 'Acquirers') — have launched an open offer to buy up to 15,89,471 equity shares of Classic Filaments Ltd at Rs. 10 each, which equals 26% of the company's total paid-up equity and voting capital. The Offer Opening Public Announcement cum Corrigendum to the Detailed Public Statement and Letter of Offer was published on February 10, 2026, in Financial Express (English), Jansatta (Hindi), Pratahkal (Marathi), and Ahmedabad Express (Gujarati), as required under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. VC Corporate Advisors Pvt Ltd is acting as the Manager to the Offer.
Public shareholders of Classic Filaments can tender their shares in this open offer. The 26% open offer size indicates a significant change in ownership and is typically triggered by the acquirers crossing the shareholding threshold limits under SEBI takeover norms, which could lead to increased stock price volatility and re-rating of the stock.