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

Classic Filaments' board approved key strategic moves. The company plans to raise ₹24.29 Cr through a preferential issue of 47.18 lakh equity shares to public category investors. Significant acquisitions include 51% of Procasts Engineering (Aluminium Dye Casting) for approximately ₹12 Cr, and 75% of Solven Power Systems (Structure Steel Fabrication) for approximately ₹2 Cr, aiming to diversify and expand. The board also approved increasing borrowing limits to ₹100 Cr, establishing a new IT division, and appointed new directors. These actions require member approval, signaling a push for growth and operational expansion.