Acquisitions5 Sept 2026, 06:20 pm
Classic Filaments Completes Acquisition of Procasts Engineering
AI Summary
Classic Filaments Limited announced the completion of its acquisition of 51% equity shares in Procasts Engineering Private Limited, making it a subsidiary. The Board of Directors also approved the appointment of Narendra Singh Negi as Internal Auditor for FY27 and M/s Amit Saxena & Associates as Scrutinizer for the upcoming AGM. The company will also apply for GST registration. The acquisition aligns with Classic Filaments' strategic intent to integrate Procasts Engineering's Aluminium Dye Casting business.
Key Highlights
- Classic Filaments acquired 51% of Procasts Engineering, making it a subsidiary.
- Procasts Engineering operates in the Aluminium Dye Casting industry.
- Narendra Singh Negi appointed as Internal Auditor for FY27.
- Board approved application for GST registration.
- AGM scrutiny will be handled by Amit Saxena & Associates.
Price Impact
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