Classic Leasing & Finance Ltd

Financials

• Revenue from operations for year ended March 31, 2026: Rs 129.90 Lakhs.
• Total revenue for year ended March 31, 2026: Rs 150.71 Lakhs.
• Profit before tax: Rs 111.84 Lakhs.
• Profit after tax: Rs 111.68 Lakhs.
• Tax expense: Rs 0.16 Lakhs.
• Dividend for the year not declared.

Capital & ownership

• Paid-up equity share capital as on 31 March 2026: Rs 122.50 Lakhs (1,22,50,000 shares).
• Equity shares issued on Jan 9, 2026 via preferential allotment: 9,25,000 shares.
• Promoters hold 38.41%; non-promoters 61.59%.
• Total equity shares after allotment: 1,22,50,000.
• MD reappointed for five years at the AGM held 23 Sep 2025.

Governance

• Chandrasekhar Sony reappointed as MD for five years at the 42nd AGM (23 Sep 2025).
• Ms Mini Datta resigned; Mr Mukesh Kumar Shaw and Ms Kusum Kochhar appointed as Additional Non-Executive Directors.
• Board met seven times during the year.

Auditors & controls

• Statutory auditors: M/s Agarwal Khetan & Co., Chartered Accountants.
• Secretarial auditor: Twinkle Agarwal.
• Independent Auditor's Report: unqualified opinion on standalone financial statements.
• Company in process of appointing Internal Auditor.

Related party transactions

• Related party transactions occurred in ordinary course; not material.
• Related party transactions policy available on the company's website.
• Categories included rent, electricity, and inter-company loans.

Governance & compliance

• Compliance with SEBI Listing Regulations and Corporate Governance requirements.
• Code of Conduct for Directors and Senior Management adopted.
• Audit Committee, Nomination & Remuneration Committee, and Stakeholders' Relationship Committee constituted.

Risk & outlook

• NBFC sector remains challenging; focus on prudent lending.
• Indian economy resilient; growth prospects amid regulatory improvements.
• Outlook positive, with emphasis on risk management and governance.

Contingent liabilities

• Corporate guarantee to Kohinoor Steel Private Limited's bankers; Kohinoor under CIRP.
• Contingent liability magnitude uncertain; potential recoveries depend on proceedings.

Dividend & cash flows

• Dividend declared: none.
• Transfer to statutory reserves: Rs 22.34 Lakhs.

AGM Details

• AGM on 19 September 2026 at 11:00 IST; venue: Registered Office, Kolkata (physical).
• Remote e-voting available 16–18 September 2026.

Key Resolutions

• Adoption of Audited Financial Statements for FY2026 (Ordinary).
• Re-appointment of Director by rotation (Ordinary).

Director Changes

• Director Chandra Shekhar Sony to be re-appointed by rotation.

Voting Status

• Voting results not provided in the notice.

Key approvals

• Approved unaudited quarterly results for quarter ended 30 June 2026 with Limited Review Report.
• Approved Board's Report and annexures for FY ended 31 March 2026.
• Internal Auditor appointment deferred to next board meeting.
• Approved convening of 43rd AGM on 19 September 2026.
• Approved Notice of the 43rd AGM and appointed RSG & Associates as Scrutinizer.

Meeting Details

• Board meeting scheduled for 13 August 2026; time and venue not disclosed.

Key Agenda Items

• Unaudited quarterly results for quarter ended 30 June 2026 to be considered.
• Board’s Report with annexures to be considered.
• Appointment of Internal Auditor.
• Convene AGM and approve the Draft AGM notice.
• Any other matter with permission of the Chairman.

Other Notes

• Trading window for Designated Persons and immediate relatives remains closed until 48 hours after unaudited Q1 2026 results.

Status

• Certificate from registrar and transfer agent under Reg 74(5) enclosed.

Key disclosures

• Board approved standalone audited results for Q4 and FY ended 31 March 2026.
• Extra-ordinary General Meeting scheduled for 27 June 2026 at the registered office.
• Auditors' report includes a qualified opinion due to investee data gaps on fair value.
• Contingent liability of Rs 316.31 crore for Kohinoor Steel guarantee under CIRP not provided.
• Emphasis on matter: fair value of investments not determinable due to missing investee data.
• Total income for year ended 31 March 2026: Rs 150.71 lakh.
• Profit after tax for year ended 31 March 2026: Rs 111.68 lakh.
• Preferential equity issue raised Rs 1063.75 lakh for working capital (92.5 lakh shares).
• Paid-up capital increased to Rs 1225.02 lakh; net worth Rs 757.15 lakh.
• Borrowings outstanding Rs 747.80 lakh; deposits Rs 6.25 lakh; lease liabilities Rs 3.00 lakh.

EGM purpose

• EGM to appoint Abhishek Mussadi, Mukesh Shaw, and Kusum Kochar as directors.

Resolutions

• Item 1: Special resolution to appoint Abhishek Mussadi (DIN 02632924) as Non-Executive Independent Director.
• Item 2: Special resolution to appoint Mukesh Kumar Shaw (DIN 08469938) as Non-Executive Independent Director.
• Item 3: Special resolution to appoint Kusum Kochar (DIN 08940881) as Non-Executive Director.
• Promoter group not interested in any agenda.
• All resolutions passed with requisite majority.

Governance impact

• Three new directors appointed to the board.

Ownership/Capital impact

• No material change to promoter holding or control disclosed.
• Not applicable; no capital raising or fund utilisation.

Resignation of Director

• Mrs. Minu Datta resigned as Non-Executive Independent Director effective 30 March 2026
• Resignation due to other pre-occupations and commitments
• No other material reasons for resignation disclosed
• Mrs. Minu Datta held no directorships in other listed entities
• Board and committee memberships vacated by Mrs. Minu Datta not specified