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Classic Filaments Limited acquires 51% stake in Procasts Engineering for Rs 120.02 crore
05-Sep-2026, 08:07

Classic Filaments Limited announced the completion of its acquisition of 51% of the equity shares of Procasts Engineering Private Limited, making it a subsidiary company. The acquisition, completed on September 1, 2026, involved a cash consideration of Rs 120.02 crore, and the companies share a common promoter. Additionally, Classic Filaments Limited appointed Narendra Singh Negi as the company's internal auditor for the financial year 2026-2027.