Celebrity Fashions Limited Allots Shares and Alters Redemption Date for Preference Shares
Celebrity Fashions Limited announced on March 21, 2026, that its Board of Directors approved the allotment of 48,69,933 equity shares through a preferential issue. The allotment follows shareholder approval obtained through a Postal Ballot on February 18, 2026, and prior in-principle approval from the National Stock Exchange of India Limited (NSE) and BSE Limited.The shares are being issued at a price of Rs. 10.31 per share, including a premium of Rs. 0.31 per share, for a total of Rs. 5,02,09,009.23. The shares are ranked pari-passu with existing equity shares.
The preferential issue involved investors Mr. Venkatesh Rajagopal, Mr. Vidyuth Rajagopal, Mrs. Rama Rajagopal (Promoter category), Mr. Manoj Mohenka and M/s Paradisal Precision Private Limited (Public category). Post-allotment holdings for these investors are detailed below:
Post-Allotment Shareholdings
| Investor | No. of Equity Shares | % Held |
|---|---|---|
| Mr. Venkatesh Rajagopal | 1,09,57,617 | 18.36% |
| Mr. Vidyuth Rajagopal | 1,14,42,583 | 17.73% |
| Mrs. Rama Rajagopal | 89,85,962 | 15.06% |
| Mr. Manoj Mohenka | 12,12,415 | 1.88% |
| M/s Paradisal Precision Private Limited | 53,28,959 | 8.26% |
The company's paid-up equity share capital has increased as a result of this allotment:
| Particulars | No. of Equity Shares | Amount (in Rs.) |
|---|---|---|
| Existing paid-up Equity Share Capital | 5,96,78,413 | 59,67,84,130 |
| Post Allotment paid-up Equity Share Capital | 6,45,48,346 | 64,54,83,460 |
In addition, the Board altered the redemption date for 50,20,900 1% Cumulative Redeemable Preference Shares ('CRPS') of Rs. 10/- each to a date between March 23, 2026, and March 30, 2026, due to a local holiday falling on the original due date of March 31, 2026. The Board also approved the redemption of these same 50,20,900 CRPS.
The Board meeting commenced at 3:00 PM and concluded at 3:45 PM.
Source:
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