Celebrity Fashions Limited Submits Official Postal Ballot Results to Stock Exchanges

Celebrity fashions Limited has officially submitted its postal ballot results to BSE Limited and National Stock Exchange of India Limited under Regulation 44(3) of SEBI Listing Obligations, confirming successful passage of two special resolutions on 18th February 2026. Regulatory Compliance and Submission The company formally communicated the postal ballot outcomes to both stock exchanges, providing comprehensive documentation including voting results and the scrutinizer's report. The submission covers resolutions related to share capital reclassification and preferential equity issue approval. Parameter: Details Scrip Code (BSE): 532695 NSE Symbol: CELEBRITY ISIN: INE185H01016 Postal Ballot Date: 18th February 2026 Record Date: 16th January 2026 Postal Ballot Results Overview The postal ballot process witnessed strong participation from shareholders across all categories. The e-voting period remained open from 20th January 2026 at 9:00 AM to 18th February 2026 at 5:00 PM, allowing adequate time for shareholder participation. Category: Total Shares Votes Polled Voting Percentage Total Shareholders: 21,791 - - Total Outstanding Shares: 59,678,413 28,382,840 47.56% Promoter Group: 19,944,325 19,943,579 99.9963% Public Institutions: 8,385,974 8,385,974 100.00% Public Non-Institutions: 31,348,114 53,287 0.17% Resolution 1: Share Capital Reclassification The special resolution for reclassification of authorized share capital and consequent amendment to the capital clause in the Memorandum of Association received overwhelming approval with 99.9995% votes in favor. Voting Category: Votes in Favor Votes Against Approval Rate Promoter Group: 19,943,579 0 100.00% Public Institutions: 8,385,974 0 100.00% Public Non-Institutions: 53,144 143 99.73% Total: 28,382,697 143 99.9995% Resolution 2: Preferential Issue Approval The second special resolution for approval of equity share issue through preferential placement on private placement basis to investors secured strong support with 99.9961% approval rate, despite some opposition from public non-institutional investors. Voting Category: Votes in Favor Votes Against Approval Rate Promoter Group: 19,943,579 0 100.00% Public Institutions: 8,385,974 0 100.00% Public Non-Institutions: 52,180 1,107 97.92% Total: 28,381,733 1,107 99.9961% Scrutinizer Certification and Process K.J. Chandra Mouli from BP & Associates, appointed as scrutinizer by the Board of Directors on 19th January 2026, submitted the final report confirming both resolutions passed with requisite majority. The voting process was conducted through CDSL's e-voting platform, ensuring transparency and compliance with Section 108 of the Companies Act 2013 and SEBI Listing Regulations. The scrutinizer unblocked votes on 18th February 2026 in the presence of two independent witnesses, Mr. Prithvi K Shah and Ms. Shobika Saseendran, maintaining complete transparency in the vote counting process. Both resolutions are deemed to have been passed on 18th February 2026, enabling the company to proceed with its strategic corporate restructuring initiatives. Celebrity Fashions Limited's board of directors convened on January 19, 2026, to approve crucial corporate restructuring initiatives that will reshape the company's capital structure. The board meeting, which lasted from 14:30 PM to 15:20 PM, resulted in the approval of two major proposals that require regulatory and shareholder consent. Share Capital Reclassification Approved The board approved the reclassification of the company's authorized share capital structure, converting a portion of 1% Cumulative Redeemable Preference Shares into equity shares. This restructuring requires amendment to the capital clause of the company's Memorandum of Association and is subject to shareholder approval. Parameter: Before Amendment After Amendment Total Authorized Capital: ₹90.00 crores ₹90.00 crores Equity Shares: 6.40 crore shares (₹64.00 crores) 7.00 crore shares (₹70.00 crores) Preference Shares: 2.60 crore shares (₹26.00 crores) 2.00 crore shares (₹20.00 crores) Face Value per Share: ₹10.00 ₹10.00 The reclassification maintains the total authorized capital at ₹90.00 crores while increasing the equity component by ₹6.00 crores and reducing the preference share component by the same amount. Preferential Issue Details The board sanctioned a preferential issue of 48,69,932 fully paid-up equity shares on a private placement basis. The issue is priced at ₹10.31 per share, including a premium of ₹0.31 per share, aggregating to a total value of ₹5.02 crores. Issue Parameter: Details Total Shares: 48,69,932 equity shares Issue Price: ₹10.31 per share Premium: ₹0.31 per share Total Value: ₹5.02 crores Number of Investors: 5 Issue Type: Private placement basis Investor Allocation Structure The preferential issue will be allocated among five investors, comprising promoters, directors, and a body corporate from the public category. The allocation demonstrates significant participation from the promoter group while also including independent directors and external investors. Allottee: Category Current Holdings Proposed Allocation Post-Issue Holdings Mr. Venkatesh Rajagopal: Promoter-Chairman 1,09,57,617 4,84,966 1,14,42,583 Mr. Vidyuth Rajagopal: Promoter-MD - 4,84,966 4,84,966 Mrs. Rama Rajagopal: Promoter-WTD 89,85,962 4,84,966 94,70,928 Mr. Manoj Mohenka: Independent Director - 12,12,415 12,12,415 Paradisal Precision Pvt Ltd: Body Corporate 31,26,339 22,02,619 53,28,958 Total: 2,30,69,918 48,69,932 2,79,39,850 Regulatory Compliance and Next Steps The approved proposals comply with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws. The board also approved a postal ballot notice to seek shareholder consent for both the share capital reclassification and the preferential issue. The company has provided requisite disclosures pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, ensuring full regulatory compliance throughout the process. The meeting outcome has been communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements. 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. 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