Classic Electrodes (India) Limited has confirmed that its promoters and promoter group have not created any encumbrance on their shareholdings for the financial year ending March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited on April 8, 2026, complies with Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Sushil Kumar Agarwal, Managing Director, confirmed on behalf of the promoter and promoter group that no shares were pledged or otherwise encumbered directly or indirectly during FY26, other than those previously disclosed.

The filing provides a detailed breakdown of the shareholding structure, revealing that the promoter and promoter group collectively hold 68.77% of the total share capital. The data encompasses 18 individual and corporate entities, including Alltime Suppliers Private Limited, Panchshul Merchants Private Limited, and Gunnayak Commercial Private Limited. The declaration ensures transparency regarding the ownership status of key stakeholders, which is critical for regulatory compliance and investor assessment.

Shareholding Details

The following table outlines the shareholding details of the promoter and promoter group as of March 31, 2026:

The document was signed by Bhagyashree Agarwal, Company Secretary, and Sushil Kumar Agarwal, Managing Director, on April 8, 2026. The confirmation of zero encumbrances across the entire promoter and promoter group holdings indicates a stable ownership structure free from pledged shares for the reported period.

Classic Electrodes (India) has reported its audited standalone financial results for the half year and year ended March 31, 2026, via an earnings call held on May 21, 2026. The company posted a total income of INR244.21 crores for FY26, registering a growth of 18.48% year-on-year. Net profit stood at INR12.64 crores with net profit margins of 5.18%, while EBITDA came in at INR23.87 crores with margins of 9.78%. The management attributed the performance to resilient demand across the welding consumables segment and operational improvements.

H2 FY26 Performance

During H2 FY26, the company delivered healthy growth across key financial parameters. Total income stood at INR121 crores as compared to INR100 crores in H2 FY25, reflecting a growth of 20.68% year-on-year. EBITDA for the period stood at INR11.93 crores with EBITDA margins of 9.85%, while net profit stood at INR6.2 crores, translating into net profit margins of 5.12%.

Operational Highlights

The company strengthened its market position through stable demand across electrodes and MIG wires, alongside the successful scale-up of flux-cored wire. Installed production capacity stands at 10,600 metric tons for electrodes, 10,600 metric tons for MIG wire, and 2,500 metric tons for flux-cored wire. The manufacturing mix improved to 73% of gross revenue, up from 67% in the previous year.

FY27 Guidance

Looking ahead, the management anticipates revenue between INR330 crores and INR350 crores for FY27. This growth is expected to be driven by the Elastic Railway Clips (ERC) business, commencing commercial production in July, and the flux-cored wire segment, which is projected to contribute INR20 crores. The company targets an improvement in gross margins to 15% in the current financial year.

The transcript of the earnings call is available on the company's website pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.