Classic Filaments Limited has appointed Brickwork Ratings India Private Limited as a Monitoring Agency.

This agency's role is to meticulously oversee the utilization of funds raised through the company's ongoing Preferential Issue.

By ensuring that the capital is deployed exactly as planned, the agency enhances accountability.

It will provide quarterly and event-based reports to regulatory authorities, with these reports also undergoing periodic review by the company's Audit Committee and Board.

This measure aims to provide greater transparency and assure shareholders regarding proper fund management.