Celebrity Fashions Completes ₹5.02 Crore Equity Allotment and CRPS Redemption

Celebrity Fashions Limited has successfully completed its Board of Directors meeting held on March 21, 2026, finalizing significant corporate actions including equity share allotment through preferential issue and approval of Cumulative Redeemable Preference Shares redemption. The meeting, which commenced at 3:00 PM and concluded at 3:45 PM, addressed key agenda items in compliance with SEBI regulations.

Preferential Equity Share Allotment Completed

The board has successfully allotted 48,69,933 equity shares through preferential issue on a private placement basis. This allotment was executed pursuant to shareholder approval obtained through Postal Ballot on February 18, 2026, and "In-principle Approval" from NSE and BSE received on March 9, 2026.

Parameter: Details Shares Allotted: 48,69,933 equity shares Face Value: ₹10.00 per share Issue Price: ₹10.31 per share Premium: ₹0.31 per share Total Amount Raised: ₹5,02,09,009.23 Number of Investors: 5 investors

Impact on Share Capital Structure

Following the preferential allotment, the company's paid-up equity share capital has increased substantially. The newly allotted equity shares rank pari-passu with existing equity shares in all aspects.

Particulars: Number of Shares Amount (₹) Existing Paid-up Capital: 5,96,78,413 59,67,84,130 Post-Allotment Capital: 6,45,48,346 64,54,83,460

Detailed Investor Allocation and Shareholding Changes

The preferential issue involved both promoter and public category investors across five participants. The allocation demonstrates strategic involvement from promoter group members alongside external investors.

Investor Name: Category Pre-Issue Shares Pre-Issue % Post-Allotment Shares Post-Allotment % Mr. Venkatesh Rajagopal: Promoter 1,09,57,617 18.36% 1,14,42,583 17.73% Mr. Vidyuth Rajagopal: Promoter 0 0% 4,84,966 0.75% Mrs. Rama Rajagopal: Promoter 89,85,962 15.06% 94,70,928 14.67% Mr. Manoj Mohenka: Public 0 0% 12,12,415 1.88% Paradisal Precision Pvt Ltd: Public 31,26,339 5.24% 53,28,959 8.26%

CRPS Redemption Approval

The board confirmed the alteration and approval of redemption date for 50,20,900 1% Cumulative Redeemable Preference Shares of ₹10 each. The redemption date has been rescheduled between March 23, 2026, and March 30, 2026, as the original due date of March 31, 2026, falls on a local holiday.

CRPS Details: Specifications Quantity: 50,20,900 shares Face Value: ₹10.00 per share Interest Rate: 1% Cumulative Original Due Date: March 31, 2026 Revised Redemption Window: March 23-30, 2026

The company has communicated these outcomes to BSE Limited and National Stock Exchange of India Limited in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Celebrity Fashions Limited has received in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for its preferential issue of 48,69,933 equity shares. The approval was granted following the successful completion of the postal ballot process and correction of a shareholding pattern error in the original notice.

Regulatory Approvals Secured

The company received in-principle approval letters from both exchanges on 9th March 2026. NSE granted approval via letter NSE/LIST/53077, while BSE issued approval through letter LOD/PREF/SS/FIP/1827/2025-2026. The approval covers the issue of 48,69,933 fully paid equity shares at face value of ₹10.00 each at a price of ₹10.31 per share, representing a premium of ₹0.31 per share.

Parameter: Details Total Shares: 48,69,933 Face Value: ₹10.00 per share Issue Price: ₹10.31 per share Premium: ₹0.31 per share Approval Date: 9th March 2026

Shareholding Pattern Correction

Prior to receiving the approvals, the company had issued a regulatory clarification correcting a typographical error in its postal ballot notice. The correction was made following observations by NSE during the processing of the company's application. The pre-issue shareholding of the Promoter Category was corrected to 33.42%, which had been inadvertently stated as 35.42% in the postal ballot notice dated 19th January 2026.

Updated Shareholding Structure

The corrected shareholding pattern shows the impact of the proposed preferential issue on various shareholder categories:

Category Pre-Issue Shares Pre-Issue % Post-Issue Shares Post-Issue % Promoter and Promoter Group Indian Individuals/HUF 1,99,44,325 33.42 2,13,99,223 33.15 Total Promoters (A) 1,99,44,325 33.42 2,13,99,223 33.15 Public Holdings Foreign Portfolio Investors Category I 83,85,974 14.05 83,85,974 12.99 Resident Individuals (up to ₹2 lakhs) 1,42,79,365 23.93 1,42,79,365 22.12 Resident Individuals (above ₹2 lakhs) 1,05,02,732 17.60 1,17,15,147 18.15 Body Corporate 50,88,521 8.53 72,91,141 11.30 Non-Resident Indians 4,46,529 0.75 4,46,529 0.69 Others (Clearing Members, HUF, LLP) 10,30,967 1.73 10,30,967 1.60 Sub Total Public (B) 3,97,34,088 66.58 4,31,49,123 66.85 Grand Total 5,96,78,413 100.00 6,45,48,346 100.00

Compliance Requirements and Conditions

Both exchanges have outlined specific conditions that must be fulfilled for the final listing approval. Key requirements include filing the listing application within twenty days from the date of allotment, obtaining all statutory approvals from SEBI, RBI, and MCA, and ensuring compliance with all applicable regulations.

The exchanges have specifically advised the company to strengthen internal controls to monitor trades executed by proposed allottees and obtain undertakings from allottees confirming they will not engage in intra-day trading until the allotment date.

Impact on Share Capital

The preferential issue will increase the total share count from 5,96,78,413 shares to 6,45,48,346 shares. The promoter shareholding will marginally decrease from 33.42% to 33.15% post-issue, while public shareholding will increase correspondingly. The postal ballot was successfully passed on 18th February 2026, with shareholders approving the resolution relating to the preferential issue.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.