Classic Electricals Limited held its 41st Annual General Meeting (AGM) on June 25, 2026, at its registered office in Lower Parel, Mumbai. Shareholders passed all 11 proposed resolutions with 100% approval, securing 795,135 votes in favour. The meeting approved the audited financial statements for the financial year ended March 31, 2026, and re-appointed Mr. Sunil Hirji Shah as a director.

The voting process was conducted via remote e-voting and electronic voting during the meeting, scrutinized by Ms. Dhanraj Kothari of M/s D. Kothari & Associates. The remote e-voting period commenced on June 22, 2026, and concluded on June 24, 2026. A total of 249 shareholders were on record as of the cut-off date of June 18, 2026.

Voting Results Summary

The resolutions covered financial reporting, director re-appointment, and multiple property-related agreements. Promoter and Promoter Group held 1,401,135 shares, while Public-Non Institutions held 504,450 shares. No votes were cast against any resolution.

Key Approvals

The Board's proposal to adopt the audited financial statements for the year ended March 31, 2026, received unanimous consent. Additionally, shareholders approved the re-appointment of Mr. Sunil Hirji Shah (DIN: 02775683), who retires by rotation.

The company also secured approval for several property transactions. These include entering into a Lease Deed and a Deed of Easement with Great White Global Private Limited. Furthermore, Classic Electricals Limited was approved to act as a confirming party to a lease deed involving Lalji Velji Shah Anchorwala Valsad Gaushalal and Panjrapor, a charitable trust, and Great White Global Private Limited.

Other approved agreements include Leave and License Agreements with Karan Electronics and Electricals Private Limited, Huges Real Estates Developers LLP, Lakozy Builders LLP, Kalindi Properties Private Limited, Anchor Sky Scrapers LLP, and Mount Blanc Real Estate LLP. The scrutinizer's report confirmed that all resolutions were passed with the requisite majority.

Shah Construction narrowed its net loss to ₹175.36 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹269.07 lakh in the previous year. Revenue from operations for FY26 rose to ₹524.39 lakh, up from ₹371.30 lakh in FY25. The company reported a basic and diluted earnings per share of (₹110.16) for the year, an improvement from (₹166.37) in the prior year.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. M/s. Mittal & Associates, Statutory Auditors, issued an audit report with an unmodified opinion on the standalone financial results. The Board also approved the reappointment of Mr. Hitesh Popatlal Sangoi as a Non-Executive Independent Director for a second term of five years, effective from the conclusion of the upcoming Annual General Meeting until the AGM for the financial year ending March 31, 2030.

For the quarter ended March 31, 2026, the company reported a net loss of ₹32.12 lakh, compared to a net loss of ₹11.62 lakh in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹145.37 lakh, higher than the ₹103.59 lakh recorded in the corresponding period of the previous year. Total income for the quarter increased to ₹216.95 lakh from ₹186.59 lakh.

Financial Results for FY26

The Board of Directors did not recommend any dividend for the financial year ended March 31, 2026. The company’s cash and cash equivalents as of March 31, 2026, stood at ₹248.11 lakh, a significant increase from ₹21.92 lakh in the previous year. Total borrowings, including non-current and current liabilities, amounted to ₹11,700.01 lakh as of March 31, 2026.