Classic Filaments Completes 51% Procasts Engineering Acquisition For ₹12 Crore

Board completed acquisition of 51% of Procasts Engineering for Rs 12.0 Cr via fresh cash investment, making it a subsidiary effective 1 September 2026; FY26 provisional turnover was Rs 31.2 Cr. Adds aluminium die-casting as a second operating vertical beyond structural steel fabrication and resolves the previously proposed acquisition. Promoters are common and the deal is stated to be arm's length; target turnover fell from Rs 38.8 Cr to Rs 31.2 Cr, while profitability and valuation were not disclosed.