Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Additional Independent Director Sushil Aggrawal is the most experienced director on the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 23
Classic Filaments Limited Approves Appointment of Prachi as Company Secretary & Compliance Officer, Effective April 23, 2026 Classic Filaments Limited at its board of directors meeting held on April 23, 2026, approved the appointment of Ms. Prachi as Company Secretary & Compliance Officer of the Company on the recommendation of Nomination & Remuneration Committee, with effect from April 23, 2026. Ms. Prachi is a qualified Company Secretary (CS) with an LL.B. and over 5 years of progressive experience in corporate secretarial, legal, and compliance functions. She has extensive hands-on experience in incorporation of companies and LLPs, drafting board resolutions and agreements, handling ROC and MCA filings, conducting due diligence, and managing secretarial and internal audits. Her expertise also includes share capital restructuring, mergers (including fast-track mergers), listing compliances, and FEMA-related filings such as FCGPR and FCTRS. She has a strong working knowledge of the Companies Act 2013, SEBI LODR Regulations, Secretarial Standards, and other applicable corporate laws. Prachi has worked on complex legal matters including NCLT cases, IBC petitions, and director disqualification removal. Additionally, she is well-versed in registrations (GST, MSME, Startup India, Trademark, etc.) and liaising with regulatory authorities. A detail-oriented professional with strong leadership abilities, she currently manages a team and is known for her positive attitude, accountability, and efficient execution of compliance processes Her professional experience includes convening and conducting Board Meetings and General Meetings, ensuring timely statutory and stock exchange compliances, managing regulatory filings, and assisting in secretarial audit processes. She is detail-oriented, compliance-driven, and committed to maintaining high standards of corporate governance while ensuring effective adherence to evolving regulatory frameworks. Board Change • Mar 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Additional Independent Director Sushil Aggrawal is the most experienced director on the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jan 23
Classic Filaments Limited to Report Q3, 2026 Results on Jan 30, 2026 Classic Filaments Limited announced that they will report Q3, 2026 results on Jan 30, 2026 Announcement • Dec 10
Sumit Bansal, Vikkas Bansal, Tarun Jain and Varun Jindal completed the acquisition of 68.52% stake in Classic Filaments Limited (BSE:540310) from Bharat Anand kumar Patel, Amit Anandbhai Patel, Jayanti Madhubhai Gaudani and Ajay Madhubhai Gaudani. Sumit Bansal, Vikkas Bansal, Tarun Jain and Varun Jindal entered into a share purchase agreement to acquire 68.52% stake in Classic Filaments Limited (BSE:540310) from Bharat Anand kumar Patel, Amit Anandbhai Patel, Jayanti Madhubhai Gaudani and Ajay Madhubhai Gaudani for INR 41.9 million on October 24, 2025. In a related transaction Sumit Bansal, Vikkas Bansal, Tarun Jain and Varun Jindal proposed to acquire 26% stake in Classic Filaments Limited. Upon completion of the transactions, Sumit Bansal, Vikkas Bansal, Tarun Jain and Varun Jindal will jointly hold 94.51% stake in Classic Filaments Limited.
Sumit Bansal, Vikkas Bansal, Tarun Jain and Varun Jindal completed the acquisition of 68.52% stake in Classic Filaments Limited (BSE:540310) from Bharat Anand kumar Patel, Amit Anandbhai Patel, Jayanti Madhubhai Gaudani and Ajay Madhubhai Gaudani on December 9, 2025. Announcement • Nov 04
Classic Filaments Limited to Report Q2, 2026 Results on Nov 11, 2025 Classic Filaments Limited announced that they will report Q2, 2026 results at 9:15 AM, Indian Standard Time on Nov 11, 2025 Announcement • Sep 08
Classic Filaments Limited, Annual General Meeting, Sep 30, 2025 Classic Filaments Limited, Annual General Meeting, Sep 30, 2025, at 11:00 Indian Standard Time. Announcement • Jul 21
Classic Filaments Limited to Report Q2, 2026 Results on Jul 30, 2025 Classic Filaments Limited announced that they will report Q2, 2026 results on Jul 30, 2025 New Risk • May 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹6.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹6.7m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 5.7% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹148.5m market cap, or US$1.74m). Announcement • May 02
Classic Filaments Limited to Report Q4, 2025 Results on May 08, 2025 Classic Filaments Limited announced that they will report Q4, 2025 results on May 08, 2025 Announcement • Feb 25
Classic Filaments Limited Appoints Ankita Prasiddha Shroff as Company Secretary and Compliance Officer Classic Filaments Limited at its board meeting held on 25 February 2025, announced the appointment of Mrs. Ankita Prasiddha Shroff as the Company Secretary and Compliance Officer, effective immediately from February 25, 2025. Mrs. Shroff is a qualified Company Secretary and has approximately 8 years of experience in the field of legal and compliance work. She has worked with a listed company for more than 7 years. Apart from holding professional Qualification as CS with ICSI, Mrs. Ankita Prasiddha Shroff is Commerce Graduate from Mumbai University, Mumbai and also holds Degree in Law. She has also successfully completed various Certificate Courses from ICSI which includes Certificate Course in GST, Certificate Course in Valuation of Financial Assets, Certificate Course in Securities Law (Crash Course) and Certificate Course in IPO (Crash Course). It is expected that her expertise in the Compliance and Legal field coupled with her professional and academic qualifications, will bring good governance and professional approach within the Organisation. Announcement • Jan 30
Classic Filaments Limited to Report Q3, 2025 Results on Feb 10, 2025 Classic Filaments Limited announced that they will report Q3, 2025 results on Feb 10, 2025 New Risk • Jan 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.7% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹170.4m market cap, or US$1.97m). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Announcement • Jan 10
Classic Filaments Limited Announces Resignation of Hitexa Barvaliya as Company Secretary and Compliance Officer Classic Filaments Limited announced the resignation of Hitexa Barvaliya as Company Secretary and Compliance Officer due to personal reasons effective from the end of business hours of 10 January, 2025. Announcement • Nov 06
Classic Filaments Limited to Report Q2, 2025 Results on Nov 13, 2024 Classic Filaments Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Announcement • Jul 26
Classic Filaments Limited to Report Q1, 2025 Results on Aug 10, 2024 Classic Filaments Limited announced that they will report Q1, 2025 results on Aug 10, 2024 Announcement • Apr 21
Classic Filaments Limited to Report Q4, 2024 Results on May 01, 2024 Classic Filaments Limited announced that they will report Q4, 2024 results on May 01, 2024 Announcement • Feb 10
Bharat Patel, Amit Patel, Jayanti Gaudani and Ajay Gaudani completed the acquisition of 62.82% stake in Classic Filaments Limited. Bharat Patel, Amit Patel, Jayanti Gaudani and Ajay Gaudani made an offer to acquire 62.82% stake in Classic Filaments Limited for INR 25.3 million on September 5, 2023. Bharat Patel, Amit Patel, Jayanti Gaudani and Ajay Gaudani made an offer to acquire up to 38,40,530 representing 62.82% stake in Classic Filaments Limited at an offer price of INR 6.6. In a related transaction, Bharat Patel entered into a share purchase agreement to acquire 11.18% stake in Classic Filaments Limited from Ruchir Mittal for INR 2.4 million. This Offer is not subject to any minimum level of acceptance. The sources of funds for the acquirers are internal accruals and capital infusion. The tender offer period Commencement from November 1 and expiration of tendering period on November 15, 2023. The tender offer period Commencement from December 15 and expiration of tendering period on December 29, 2023. Fedex Securities Private Limited acted as financial advisor to Bharat Patel, Amit Patel, Jayanti Gaudani and Ajay Gaudani. Skyline Financial Services Pvt. Ltd acted as registrar to Bharat Patel, Amit Patel, Jayanti Gaudani and Ajay Gaudani.Bharat Patel, Amit Patel, Jayanti Gaudani and Ajay Gaudani completed the acquisition of 62.82% stake in Classic Filaments Limited on February 8, 2024. Announcement • Jan 24
Classic Filaments Limited to Report Q3, 2024 Results on Feb 02, 2024 Classic Filaments Limited announced that they will report Q3, 2024 results on Feb 02, 2024 Announcement • Oct 28
Classic Filaments Limited to Report Q2, 2024 Results on Nov 06, 2023 Classic Filaments Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Announcement • Sep 08
Bharat Patel, Amit Patel, Jayanti Gaudani and Ajay Gaudani made an offer to acquire 62.82% stake in Classic Filaments Limited for INR 25.3 million. Bharat Patel, Amit Patel, Jayanti Gaudani and Ajay Gaudani made an offer to acquire 62.82% stake in Classic Filaments Limited for INR 25.3 million on September 5, 2023. Bharat Patel, Amit Patel, Jayanti Gaudani and Ajay Gaudani made an offer to acquire up to 38,40,530 representing 62.82% stake in Classic Filaments Limited at an offer price of INR 6.6. In a related transaction, Bharat Patel entered into a share purchase agreement to acquire 11.18% stake in Classic Filaments Limited from Ruchir Mittal for INR 2.4 million. This Offer is not subject to any minimum level of acceptance. Fedex Securities Private Limited acted as financial advisor to Bharat Patel, Amit Patel, Jayanti Gaudani and Ajay Gaudani. Announcement • Aug 19
Classic Filaments Limited Announces Resignation of Mr. Subhash Patle as Independent Director Classic Filaments Limited announced that Mr. Subhash Patle, Independent Director of the company tendered his resignation expressing his intention to relieve him from the Board as well as Committees of the Board effective immediately that is 18th August 2023 citing reason for resignation as pre-occupation and other professional commitments. Mr. Subhash patle (DIN: 00369492) has submitted his resignation as an Independent Director of the Company effective immediately, owing to pre- occupation and other professional commitment due to which he is unable to devote his time to the company and there are no other material reasons. Directorship in other listed entity: Millennium Online Solutions (India) as Independent Director Committee Membership(s) in the above Company: Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee. Announcement • Aug 04
Classic Filaments Limited, Annual General Meeting, Sep 14, 2023 Classic Filaments Limited, Annual General Meeting, Sep 14, 2023, at 11:00 Indian Standard Time. Board Change • Jul 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Woman Director Arunaben Kachchhi was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 09
Classic Filaments Limited to Report Fiscal Year 2023 Results on May 18, 2023 Classic Filaments Limited announced that they will report fiscal year 2023 results on May 18, 2023 Board Change • Mar 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Woman Director Arunaben Kachchhi was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 31
Classic Filaments Limited to Report Q3, 2023 Results on Feb 07, 2023 Classic Filaments Limited announced that they will report Q3, 2023 results at 12:15 PM, Indian Standard Time on Feb 07, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Woman Director Arunaben Kachchhi was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 08
Classic Filaments Limited to Report Q4, 2022 Final Results on May 16, 2022 Classic Filaments Limited announced that they will report Q4, 2022 final results on May 16, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Woman Director Arunaben Kachchhi was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Woman Director Arunaben Kachchhi was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 01
Full year 2021 earnings released: ₹0.15 loss per share (vs ₹0.09 loss in FY 2020) Full year 2021 results: Net loss: ₹914.0k (loss widened 60% from FY 2020). Reported Earnings • Feb 11
Third quarter 2021 earnings released: ₹0.03 loss per share (vs ₹0.012 loss in 3Q 2020) Third quarter 2021 results: Net loss: ₹182.0k (loss widened 149% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Announcement • Feb 04
Classic Filaments Limited to Report Q3, 2021 Results on Feb 10, 2021 Classic Filaments Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Jan 15
New 90-day low: ₹3.38 The company is down 40% from its price of ₹5.60 on 15 October 2020. The Indian market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: ₹3.72 The company is down 40% from its price of ₹6.20 on 24 September 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 03
New 90-day low: ₹4.50 The company is down 39% from its price of ₹7.40 on 04 September 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 8.0% over the same period. Reported Earnings • Nov 13
Second quarter 2021 earnings released: ₹0.02 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: ₹1.85m (down 48% from 2Q 2020). Net loss: ₹161.0k (down ₹170.0k from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.