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Classic Filaments Ltd (540310)

📊 BSE: 540310 🏢 Other Textile Products 📢 Latest filing: 24 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Classic Filaments' revenue was ₹10.4 Cr, and net profit ₹0.5 Cr; the operating margin was 8.4%.

Q1 FY27 (₹ Cr)	Value	YoY	QoQ
Revenue	₹10.4	—	—
Operating profit	₹0.9	—	—
Net profit	₹0.5	—	—
EPS (₹)	0.89	—	—
Operating margin	8.4%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Classic Filaments Lists 26.94 Lakh Shares on BSE Issued at Rs 51.50 via Preferential Basis

🟡 NEUTRAL ⭐ 5/10

FUNDRAISE 📅 24 Sep 2026, 12:38 PM

Classic Filaments Limited has received listing and trading approval from BSE for 26,94,316 equity shares issued on a preferential basis to non-promoters. The shares, having a face value of Rs 10, were issued at an issue price of Rs 51.50 per share (including a premium of Rs 41.50). Trading commenced on September 24, 2026. The new shares have an allotted lock-in period up to April 6, 2027.

26,94,316 equity shares listed and permitted to trade effective September 24, 2026
Issued at Rs 51.50 per share (face value Rs 10 plus premium of Rs 41.50)
Preferential allotment was made to non-promoter entities on August 18, 2026
All 26,94,316 shares are locked-in until April 6, 2027

💡 Track subsequent quarterly filings to see the utilisation of preferential proceeds and examine the impact of equity expansion on EPS.

Classic Filaments Completes 51% Acquisition of Procasts Engineering for Rs 12.00 Cr

🟢 POSITIVE ⭐ 9/10

M&A 📅 05 Sep 2026, 06:40 PM

Classic Filaments Limited has completed the acquisition of a 51% equity stake in Procasts Engineering Private Limited for a total cash consideration of Rs 12.00 crore via fresh investment. Following this transaction, Procasts Engineering has become a subsidiary of the company effective September 1, 2026. The target company operates in aluminium die casting and posted a provisional turnover of Rs 31.20 crore for FY26 (compared to Rs 38.75 crore in FY25). This is a related-party transaction as the promoters of both entities are common, entered into on an arm's length basis.

Acquired 51% equity stake in Procasts Engineering Private Limited for INR 12,00,24,847.50
Target entity reported turnover of Rs 31.20 cr in FY26, Rs 38.75 cr in FY25, and Rs 21.37 cr in FY24
Acquisition completed effective September 01, 2026, making Procasts a subsidiary
Transaction is with a related party (common promoters) on an arm's length basis

💡 Track the upcoming quarterly earnings to assess the impact of consolidating Procasts' financials and look for details regarding the funding structure of the Rs 12.00 crore investment.

Classic Filaments Issues FY26 Annual Report & 36th AGM Notice for Sep 28, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Sep 2026, 06:36 PM

Classic Filaments Ltd has released its Annual Report for FY 2025-2026 and scheduled its 36th Annual General Meeting (AGM) for September 28, 2026, via Video Conferencing. Key agenda items include the adoption of FY26 audited standalone financial statements and a special resolution to shift the company's registered office from Gujarat to Haryana. The remote e-voting window is slated from September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM).

36th AGM scheduled for September 28, 2026, at 11:00 AM IST via VC/OAVM
Remote e-voting period open from September 25 to September 27, 2026
Special resolution proposed to shift registered office from Surat, Gujarat to Haryana
Leadership reflects new management team headed by Managing Director Vikkas Bansal (w.e.f. March 21, 2026)

💡 Shareholders registered as of the cut-off date may review the full FY26 annual accounts and exercise their voting rights through the NSDL e-voting platform prior to September 27, 2026.

Classic Filaments 36th AGM on Sept 28, 2026; Proposes Shifting Registered Office to Haryana

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Sep 2026, 05:46 PM

Classic Filaments Limited has issued notice for its 36th Annual General Meeting scheduled on September 28, 2026, via Video Conferencing. Key agenda items include adopting the audited financial statements for FY 2025-2026 and director re-appointment. The company is also seeking shareholder approval via a special resolution to shift its registered office from Gujarat to Haryana. Remote e-voting will be available from September 25 to September 27, 2026.

36th Annual General Meeting scheduled for September 28, 2026, at 11:00 AM IST via VC/OAVM
Remote e-voting window active from September 25, 2026 (9:00 AM IST) to September 27, 2026 (5:00 PM IST)
Special resolution proposed to shift registered office from the State of Gujarat to the State of Haryana
Ordinary resolution proposed for the re-appointment of Director Mr. Tarun Jain, retiring by rotation

💡 Eligible shareholders may cast votes via remote e-voting between Sept 25-27, 2026, and monitor subsequent Regional Director approvals for the registered office relocation.

Classic Filaments Completes 51% Acquisition of Procasts Engineering for ₹12.00 Cr

🟢 POSITIVE ⭐ 9/10

M&A 📅 05 Sep 2026, 05:35 PM

Classic Filaments has completed the acquisition of a 51% majority stake in Procasts Engineering Private Limited for a total cash consideration of ₹12.00 Cr. Procasts Engineering generated a provisional turnover of ₹31.20 Cr in FY26 (down from ₹38.75 Cr in FY25), making the target significantly larger relative to Classic Filaments' standalone net worth of ₹6 Cr. The transaction involves common promoters and is classified as a related-party transaction executed at arm's length. Concurrently, the company appointed Narendra Singh Negi as its Internal Auditor for FY 2026-27.

Completed acquisition of 51% equity stake in Procasts Engineering Pvt Ltd for ₹12,00,24,847.50 effective September 1, 2026.
Target company recorded turnover of ₹31.20 Cr in FY26 (provisional), ₹38.75 Cr in FY25, and ₹21.37 Cr in FY24.
Acquisition consideration of ₹12.00 Cr is approximately 200% of Classic Filaments' standalone net worth of ₹6 Cr.
Common promoter interest disclosed; transaction structured as a related party deal on an arm's length basis.

💡 Track the integration timeline, consolidation impact on quarterly financials from Q2 FY27 onwards, and cash flow deployment for the ₹12.00 Cr funding.

Classic Filaments raises ₹13.88 Cr via preferential allotment of 26.94L shares at ₹51.50/sh

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 18 Aug 2026, 11:21 PM

Classic Filaments has approved the allotment of 26,94,316 equity shares on a preferential basis at an issue price of ₹51.50 per share (face value ₹10 plus premium of ₹41.50), raising ₹13.88 crore. The total fundraise significantly exceeds the company's prior net worth of ₹6 crore. Post-allotment, the company's paid-up share capital increases from 61,13,350 to 88,07,666 shares. Following this issuance entirely to non-promoter investors, promoter holding has diluted from 68.51% to 47.56%.

Allotted 26,94,316 equity shares at ₹51.50 each, raising a total of ₹13,87,57,274
Paid-up share capital increased from ₹6.11 Cr (61,13,350 shares) to ₹8.81 Cr (88,07,666 shares)
Promoter shareholding diluted from 68.51% down to 47.56%
Total 31 non-promoter allottees participated across individual and corporate categories
Issue price of ₹51.50 is at a premium to the recent trading price of ₹48.30

💡 Track receipt of listing and trading approvals for the newly allotted shares on the stock exchange, and watch for management commentary or filings regarding the end-use of the ₹13.88 crore proceeds.

Classic Filaments allots 26.94 lakh shares on preferential basis to raise ₹13.88 cr

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 18 Aug 2026, 11:18 PM

Classic Filaments has approved the allotment of 26,94,316 equity shares on a preferential basis at an issue price of ₹51.50 per share (including ₹41.50 premium), raising ₹13.88 crore. Consequent to this allotment, the paid-up share capital expands from ₹6.11 crore (61,13,350 shares) to ₹8.81 crore (88,07,666 shares). The preferential allotment results in substantial dilution, reducing promoter shareholding from 68.51% to 47.56%, while public shareholding rises to 52.44%. The total funds raised (₹13.88 crore) represent over 2.3x the company's reported net worth of ₹6 crore.

Allotment of 26,94,316 equity shares at ₹51.50 per share (face value ₹10 + ₹41.50 premium)
Total capital raised stands at ₹13,87,57,274 (~₹13.88 crore) from 31 non-promoter allottees
Paid-up share capital increased from ₹6.11 crore to ₹8.81 crore
Promoter holding drops below majority control from 68.51% to 47.56%

💡 Track subsequent disclosures on receipt of listing and trading approvals from the stock exchange, as well as management communication regarding the exact deployment of the ₹13.88 crore proceeds.

Classic Filaments Appoints Brickwork Ratings as Monitoring Agency for Preferential Issue

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 31 Jul 2026, 06:51 PM

Classic Filaments Ltd has appointed Brickwork Ratings India Private Limited as the Monitoring Agency for its ongoing preferential issue. This is a regulatory requirement under SEBI LODR to ensure that funds raised are utilized for the purposes stated in the offer documents. The agency will submit quarterly and event-based reports to BSE, which will be reviewed by the company's Audit Committee and Board. Given the company's small net worth of Rs 6 Cr and current ROCE of -2.5%, the transparent deployment of new capital is a critical step for potential recovery.

Appointment of SEBI-registered Brickwork Ratings India Private Limited as the Monitoring Agency.
Agency will oversee the utilization of proceeds from the ongoing Preferential Issue.
Quarterly and event-based monitoring reports to be submitted to BSE Limited.
Oversight and reporting will continue until the complete deployment of the issue proceeds.
Reports will be periodically reviewed by the Audit Committee and the Board of Directors.

💡 Investors should monitor future filings to identify the total amount raised in the preferential issue and the specific projects or working capital needs the funds are intended for.

Classic Filaments reports Rs 10.38 Cr consolidated revenue in Q1 2026, turning profitable

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 28 Jul 2026, 05:43 PM

Classic Filaments has reported a significant turnaround in Q1 2026, with consolidated revenue surging to Rs 10.38 Cr from zero in the same quarter last year. The company achieved a consolidated net profit of Rs 54.54 Lakhs, compared to a loss of Rs 4.81 Lakhs YoY. This growth is almost entirely driven by its subsidiary, Solven Power Systems Private Limited, as standalone revenue remains minimal at Rs 13.50 Lakhs. The consolidated EPS for the quarter stands at Rs 0.89, a major improvement from the negative EPS reported in previous periods.

Consolidated revenue jumped to Rs 10.38 Cr in Q1 2026 from zero in Q1 2025.
Consolidated PAT turned positive at Rs 54.54 Lakhs vs a loss of Rs 4.81 Lakhs YoY.
Subsidiary Solven Power Systems contributed over 98% of the total consolidated revenue.
Consolidated EPS improved to Rs 0.89 from -Rs 0.08 in the previous year's quarter.
Total expenses for the quarter were Rs 9.66 Cr, primarily driven by cost of materials at Rs 8.25 Cr.

💡 Investors should monitor the quarterly consistency of the subsidiary's revenue and check for any management commentary regarding the business model shift from textiles to power systems.

Classic Filaments Q1 Consolidated Revenue Jumps to ₹10.38 Cr from Zero YoY; PAT at ₹0.55 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 28 Jul 2026, 05:34 PM

Classic Filaments has reported a significant operational turnaround in Q1 FY27 (ending June 2026), with consolidated revenue reaching ₹10.38 Cr compared to zero revenue in the same period last year. The company turned profitable with a consolidated PAT of ₹54.54 Lakhs, a sharp recovery from a loss of ₹4.81 Lakhs YoY. This growth is primarily driven by its subsidiary, Solven Power Systems Private Limited, as standalone revenue remains minimal at ₹13.50 Lakhs. Given the company's small market cap of ₹29 Cr, this quarterly revenue represents a substantial shift in business scale.

Consolidated Revenue reached ₹10.38 Cr in Q1 FY27 vs ₹0.00 in Q1 FY26
Consolidated Net Profit stood at ₹54.54 Lakhs vs a loss of ₹4.81 Lakhs YoY
Subsidiary Solven Power Systems contributed approximately ₹10.25 Cr to the consolidated top line
Consolidated EPS improved significantly to ₹0.89 from a negative ₹0.08 YoY
Standalone operations also commenced with revenue of ₹13.50 Lakhs vs zero YoY

💡 Investors should monitor the consistency of revenue from the subsidiary Solven Power Systems and watch for any further disclosures regarding the nature of this new business stream, as the company was previously non-operational.

Classic Filaments Board Meeting on July 28, 2026, to approve Q1 FY27 results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 23 Jul 2026, 10:59 AM

Classic Filaments Ltd has scheduled a board meeting for July 28, 2026, to consider and approve its unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing. The company is currently a micro-cap with a market capitalization of ₹31 Cr and has reported zero revenue for the last four consecutive quarters. Investors should note that the trading window for insiders has been closed since July 1, 2026.

Board meeting scheduled for July 28, 2026, to approve Q1 FY27 results
Trading window for insiders closed from July 1, 2026, until 48 hours after result declaration
Company reported ₹0.0 Cr revenue in the preceding four quarters (June 2025 to March 2026)
Net loss of ₹0.06 Cr reported in the most recent quarter ended March 2026

💡 Watch for the financial results on July 28 to see if there is any resumption in business operations or revenue generation, given the zero-revenue status over the past year.

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