Classic Electrodes (India) Limited Increases Investment in HM Power and Cables Private Limited
Classic Electrodes (India) Limited announced a further investment in HM Power and Cables Private Limited on March 24, 2026. The Board of Directors approved an investment of INR 46,00,000 for 4,60,000 equity shares, each with a face value of INR 10.This additional investment brings the total investment in HM Power and Cables Private Limited to INR 2,06,00,000, encompassing a total of 20,60,000 equity shares. HM Power and Cables Private Limited is a related party entity involved in the manufacturing of wires and cables. Further details regarding the acquisition and allotment of equity shares will be disclosed at a later date.
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