Classic Filaments Completes 51% Acquisition of Procasts Engineering

Classic Filaments Limited announced the completion of its acquisition of 51% of the equity shares of Procasts Engineering Private Limited. This strategic move makes Procasts Engineering a subsidiary of Classic Filaments. The Board of Directors also approved the appointment of Narendra Singh Negi as Internal Auditor for FY 2026-27 and M/s Amit Saxena & Associates as Scrutinizer for the upcoming AGM. The acquisition aligns with the company's strategic intent and aims to integrate Procasts Engineering's Aluminium Dye Casting business into Classic Filaments' main objectives. The acquisition was completed on September 1, 2026, via fresh investment.