Classic Filaments Ltd — Important, 15-05-2026: Company Update

Classic Filaments' board approved key strategic actions. This includes a preferential issue of 47.17 lakh equity shares at Rs. 51.50 each, raising approximately Rs. 24.30 Cr. The company plans to acquire 51% of Procasts Engineering (Aluminium Dye Casting) for ~Rs. 12 Cr and 75% of Solven Power Systems (Steel Fabrication) for ~Rs. 2 Cr, significantly expanding its industrial presence. Additionally, borrowing limits will increase to Rs. 100 Cr to support future growth. A new Information Technologies division is also set to open. All these initiatives await shareholder approval.