Chennai, India – February 4, 2025: Celebrity Fashions Limited (NSE: CELEBRITY), a leading player in the apparel industry, has announced a preferential issue of equity shares to raise funds amounting to ₹50.21 crore.
Key Highlights of the Fundraising Plan
- Type of Securities: Equity Shares
- Total Shares Issued: 31,26,339 equity shares
- Issue Price: ₹16.06 per share
- Investor: Paradisal Precision Private Limited
- Total Fund Raised: ₹50,209,004.34
Pre & Post-Issue Share Capital
| Category | Pre-Issue | Post-Issue |
|---|---|---|
| Paid-Up Capital (₹) | 56,55,20,740 | 59,67,84,130 |
| Number of Shares | 5,65,52,074 | 5,96,78,413 |
Regulatory Compliance and Approvals
- The decision was approved by the Board of Directors on February 4, 2025.
- The Extraordinary General Meeting (EGM) to finalize the issuance is scheduled for March 6, 2025.
- The issue price is in accordance with SEBI ICDR Regulations.
Board Meeting Details
- Date of Board Meeting: February 4, 2025
- Time: 6:30 PM – 7:00 PM
- Prior Intimation to Stock Exchange: January 29, 2025