Classic Filaments completes 51 percent acquisition of Procasts Engineering
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Board approved completion of 51 percent acquisition of Procasts Engineering Private Limited for about Rs.12.00 crores in cash via fresh investment. Procasts (Aluminium Die Casting) is now a subsidiary of Classic Filaments. Procasts had provisional turnover of Rs.31.20 crores in FY26 and Rs.38.75 crores in FY25. Promoters are common (related party) but the deal is at arm's length. Board also appointed an internal auditor and approved the 36th AGM notice.
Adds Aluminium Die Casting subsidiary with about Rs.31 crores revenue. Related party deal but done at arm's length. Diversifies business.