Celebrity Fashions Ltd. Seeks Shareholder Approval for Capital Reclassification and Preferential Issue
Celebrity Fashions Limited is conducting a postal ballot for shareholders to approve capital reclassification and a preferential issue. The company plans to issue up to 48,69,933 equity shares at ₹10.31 each, raising approximately ₹5.02 crore. E-voting is open from January 20 to February 18, 2026. Results will be declared by February 20, 2026.
The preferential issue involves a significant amount of funds and involves key persons, which could impact the company's capital structure and ownership. The reclassification of share capital is a structural change.
The announcement is a procedural notice for shareholder approval of routine corporate actions (capital reclassification and preferential issue) and does not contain any inherently positive or negative financial performance indicators.
Celebrity Fashions Limited has announced a notice of postal ballot, seeking shareholder approval for two special resolutions. The first resolution concerns the reclassification of the company's authorized share capital, altering the composition of equity and preference shares. The existing authorized share capital of ₹90 crore will be reclassified from 6,40,00,000 equity shares and 2,60,00,000 preference shares to 7,00,00,000 equity shares and 2,00,00,000 preference shares.
The second resolution is for the approval of issuing equity shares by way of preferential issue on a private placement basis. The company plans to issue up to 48,69,933 equity shares of face value ₹10 each at a price of ₹10.31 per share, aggregating up to ₹5,02,09,009.23. The proposed allottees include Mr. Venkatesh Rajagopal, Mr. Vidyuth Rajagopal, Mrs. Rama Rajagopal, Mr. Manoj Mohenka, and M/s Paradisal Precision Private Limited.
The remote e-voting period will commence on Tuesday, January 20, 2026, at 9:00 AM IST and conclude on Wednesday, February 18, 2026, at 5:00 PM IST. The results of the postal ballot are expected to be declared on or before Friday, February 20, 2026. The company has engaged Central Depository Services (India) Limited (CDSL) for the remote e-voting process.
What to do with a filing like this
Celebrity Fashions Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. 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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See the model portfoliosA plain-language summary of a public exchange filing by Celebrity Fashions Limited. Read the original for the full detail.