Celebrity Fashions Limited announced key outcomes from its Board Meeting held on January 19, 2026. The board approved the reclassification of its authorized share capital by converting 1% Cumulative Redeemable Preference Shares into equity shares. This will also lead to a consequent amendment in the capital clause of the company's Memorandum of Association, subject to shareholder approval.

Furthermore, the Board has approved the issuance of 48,69,932 fully paid-up equity shares through a preferential issue on a private placement basis. These shares will be issued to Promoters, Directors, and a Body Corporate at an issue price of ₹10.31 per share, including a premium of ₹0.31 per share, aggregating to ₹5,02,09,000. This issuance is in accordance with SEBI ICDR Regulations and is subject to regulatory and shareholder approvals.

The company will also seek shareholder consent via a Postal Ballot for both the proposed reclassification of share capital and the preferential issue of securities. The Board meeting commenced at 2:30 PM and concluded at 3:20 PM on January 19, 2026.