Celebrity Fashions Approves Preferential Issue of 48.7 Lakh Shares, Alters CRPS Redemption Date
Celebrity Fashions Limited approved the allotment of 48,69,933 equity shares via preferential issue at ₹10.31 per share, raising ₹5.02 crore. The company also altered the redemption period for 50,20,900 CRPS to between March 23-30, 2026. The board meeting was held on March 21, 2026.
The preferential issue will increase the company's equity base, and the alteration in preference share redemption affects its capital structure. These are material changes for the company.
The company is successfully raising capital through a preferential issue and managing its debt obligations by altering and approving the redemption of preference shares, which is generally viewed positively.
Celebrity Fashions Limited's Board of Directors convened on March 21, 2026, to approve the allotment of 48,69,933 equity shares via a preferential issue at a price of ₹10.31 per share, including a premium of ₹0.31. This issuance, approved by shareholders on February 18, 2026, and in-principle by stock exchanges on March 9, 2026, increases the company's paid-up equity share capital to ₹64,54,83,460 from ₹59,67,84,130.
The board also approved altering the redemption date for 50,20,900 1% Cumulative Redeemable Preference Shares (CRPS) of ₹10 each. The redemption will now occur between March 23, 2026, and March 30, 2026, as the original due date of March 31, 2026, falls on a local holiday. Additionally, the board approved the redemption of these CRPS.
The preferential issue involved five investors: Mr. Venkatesh Rajagopal, Mr. Vidyuth Rajagopal, Mrs. Rama Rajagopal (promoter category), and Mr. Manoj Mohenka and M/s Paradisal Precision Private Limited (public category). The total amount raised from this preferential issue is ₹5,02,09,009.23.
The board meeting commenced at 3:00 PM and concluded at 3:45 PM.
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Celebrity Fashions Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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