Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeover, Buy Back and De-listing vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017,20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020, 20201102-43 dated 02 Nov 2020, 20210825-62 dated Aug 25,2021 has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.
All market participants are hereby informed that an open offer is made by MR. BHARAT PATEL (Hereinafter referred to as ‘Acquirer 1’) MR. AMIT PATEL (Hereinafter referred to as ‘Acquirer 2’) MR. JAYANTI GAUDANI (Hereinafter referred to as ‘Acquirer 3’) MR. AJAY GAUDANI (Hereinafter referred to as ‘Acquirer 4’) (Hereinafter collectively referred to as ‘Acquirers’) to the public shareholders of CLASSIC FILAMENTS LIMITED (“TARGET COMPANY”) at a price of Rs. 6.60/- (Rupees Six and Paise Sixty Only) per equity share (“offer price”), payable in cash, to acquire up to 38,40,530 (THIRTY-EIGHT LAKHS FORTY THOUSAND FIVE HUNDRED THIRTY ONLY) equity shares of face value of Rs. 10/- each (“offer shares”), representing 62.86% (Sixty Two Point Eight Six Per Cent) of the voting share capital, pursuant to and in compliance with the requirements of the securities and exchange board of India (substantial acquisition of shares and takeovers) regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) regulations”) From the public shareholders. From Friday, 15 December, 2023 to Friday, 29 December, 2023 (Excluding December 25, 2023 due to Trading Holiday).
Letter of Offer is herewith attached for your perusal.
Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and 20190424-35 dated April 24, 2019 along with the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Mangesh Tayde
Deputy General Manager
Listing Business Relationship
December 13, 2023 |