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

Classic Filaments' board has approved major strategic moves. This includes changes to the board, with Mr. Vikkas Bansal confirmed as Chairman & MD. The company plans a preferential issue of 47.18 lakh equity shares to public category investors, raising approximately Rs. 24.30 Cr. Borrowing limits will be increased to Rs. 100 Cr. Critically, the company will acquire a 51% stake in Procasts Engineering (Aluminium Dye Casting) for around Rs. 12 Cr and 75% in Solven Power Systems (Steel Fabrication) for about Rs. 2 Cr, expanding its business. A new IT division is also planned. These actions await shareholder approval.