Classic Filaments Completes Procasts Engineering Acquisition

Classic Filaments Limited announced the completion of its acquisition of 51% equity shares in 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 FY27, authorized an application for GST registration, appointed M/s Amit Saxena & Associates as Scrutinizer for the upcoming AGM, and approved the Notice of the 36th Annual General Meeting and Director's Report for the financial year ended March 31, 2026. The acquisition involved a cash consideration through fresh investment in Procasts Engineering.