Classic Filaments Completes ₹12 Crore Acquisition Of 51% Procasts Stake

Board completed acquisition of 51% of Procasts Engineering for Rs 12.0 Cr via fresh investment, effective 1 September 2026; Procasts becomes a subsidiary. This closes the planned entry into a second operating business beyond structural steel fabrication, advancing Classic Filaments' shell-revival strategy. Transaction is related-party with common promoters and arm's-length disclosure. Target turnover fell to Rs 31.2 Cr in FY26 from Rs 38.8 Cr; profitability and valuation were not disclosed.