Classic Filaments Limited has completed the acquisition of a 73.75% equity share capital stake in Solven Power Systems Private Limited. The transaction was executed on June 29, 2026, through the execution of a Share Transfer Agreement and completion of the share transfer process according to the agreement's terms.
The acquisition was conducted in compliance with applicable legal provisions and the specific terms outlined in the Share Transfer Agreement. This disclosure serves as formal notification of the acquisition's completion and confirms that Solven Power Systems Private Limited now holds subsidiary status within Classic Filaments Limited.
This intimation represents a follow-up to the company's previous disclosure dated May 15, 2026, which contained the required regulatory disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and applicable SEBI circulars. The current filing specifically addresses the completion status of the previously proposed acquisition.
The document was signed by Vikkas Bansal, Director (DIN: 00441630) of Classic Filaments Limited, on June 29, 2026, at 19:58:07 IST.