Celebrity Fashions Limited announced on January 19, 2026, that its Board of Directors has approved a reclassification of its authorized share capital. This involves reclassifying 1% Cumulative Redeemable Preference Shares into equity shares, subject to shareholder approval. The company's capital clause in the Memorandum of Association will be consequently amended.

Furthermore, the Board has approved the issuance of 48,69,932 fully paid-up equity shares on a preferential basis to Promoters, Directors, and a Body Corporate. This private placement issue is in accordance with SEBI ICDR Regulations and other applicable laws, also pending regulatory and shareholder approval. The issue price is set at ₹10.31 per equity share, including a premium of ₹0.31 per share, aggregating to ₹5,02,09,000.

The Board also approved the notice for a Postal Ballot to seek shareholder consent for both the share capital reclassification and the proposed preferential issue. The Board meeting commenced at 2:30 PM and concluded at 3:20 PM on January 19, 2026. The authorized share capital will change from ₹90 Crore comprising 6,40,00,000 Equity Shares and 2,60,00,000 Preference Shares to 7,00,00,000 Equity Shares and 2,00,00,000 Preference Shares, both at ₹10 each.