classic electrodes (india) has announced its audited standalone financial results for the year ended March 31, 2026. The company reported a net profit of ₹1,264.03 lakh for the fiscal year, marking an increase of 8.82% from ₹1,161.62 lakh in the previous year. Total income for the year rose by 18.48% to ₹24,421.18 lakh, compared to ₹20,612.53 lakh in FY25.

Financial Performance

For the half year ended March 31, 2026 (H2 FY26), the company recorded a net profit of ₹620.46 lakh, a growth of 13% from ₹549.07 lakh in the corresponding period of the previous year. H2 FY26 total income stood at ₹12,118.13 lakh, up 20.68% from ₹10,041.40 lakh. The EBITDA for H2 FY26 was reported at ₹1,193.65 lakh, with a margin of 9.85%, while the net profit margin was 5.12%.

For the full year FY26, the EBITDA increased to ₹2,387.24 lakh from ₹2,228.45 lakh in FY25, resulting in an EBITDA margin of 9.78%. The net profit margin for the year stood at 5.18%. The basic earnings per share (EPS) for FY26 was reported at ₹7.04, compared to ₹8.80 in the previous year. The paid-up equity share capital as of March 31, 2026, was ₹1,796.50 lakh, with a face value of ₹10 per share.

Operational Highlights

The company noted stable core demand across electrodes and MIG wires, supported by fabrication, infrastructure, and industrial sectors. A key operational highlight was the successful scale-up of Flux Cored Wire, which strengthened the product mix and supported higher-margin growth. The company also focused on manufacturing efficiency through debottlenecking and automation initiatives to improve throughput and capacity utilization. Additionally, the trading segment contributed consistently to overall revenue growth.

Total expenses for the year increased to ₹22,710.72 lakh from ₹19,123.45 lakh in the prior year. The cost of materials consumed was ₹13,570.00 lakh, while purchases of stock-in-trade amounted to ₹6,447.49 lakh. Finance costs for the period were ₹361.70 lakh, a decrease from ₹509.92 lakh in FY25. The company significantly reduced short-term borrowings during FY26, strengthening its balance sheet and liquidity position.

IPO Fund Utilization

The company completed its Initial Public Offer (IPO) of 47,71,200 equity shares at an issue price of ₹87 per share, aggregating to ₹4,150.94 lakh. The shares were listed on the NSE SME Platform on September 1, 2025. As of March 31, 2026, the company had utilized ₹3,734.37 lakh of the IPO proceeds, leaving ₹416.56 lakh unutilized in the designated public offer account. The funds were utilized for capital expenditure, prepayment of borrowings, working capital requirements, general corporate purposes, and IPO expenses.

Classic Electrodes (India) Limited has announced the voting results for the Extra-Ordinary General Meeting (EGM) held on May 5, 2026. The meeting, convened at the company's Corporate Office in New Town, Kolkata, sought shareholder approval for the alteration of the main object clause of the Memorandum of Association (MoA). The resolution was passed with unanimous approval, with all votes cast in favour and none against.

Meeting Overview

The EGM was conducted from 11:00 AM to 11:30 AM under the chairmanship of Mr. Hanuman Prasad Agarwal, Non-Executive Director. The special business on the agenda involved incorporating new business activities, including elastic rail clips, aluminium wire rods, cables and conductors, various types of steel wires, and allied engineering products. Mr. Himanshu Gupta, Proprietor of M/s. Himanshu SK Gupta & Associates, Practicing Company Secretaries, Ahmedabad, was appointed as the Scrutinizer by the Board of Directors to oversee the remote e-voting and poll voting process in a fair and transparent manner.

Voting Process and Timeline

The company facilitated both remote e-voting and physical poll voting at the EGM. The remote e-voting facility, provided through National Securities Depository Limited (NSDL), commenced at 09:00 AM on May 1, 2026, and ended at 05:00 PM on May 4, 2026, after which it was blocked. During the EGM, a facility to cast votes by poll was also made available to members present. The Scrutinizer confirmed that no member voted through both modes, and no polling papers were found invalid. The cut-off date for determining shareholder eligibility was April 28, 2026, with a total of 565 shareholders on record.

Voting Results Summary

A total of 10,553,000 votes were polled, representing 58.74% of the outstanding shares. All 15 members who participated cast their votes via e-voting, with zero votes recorded against the resolution. The detailed voting breakdown is presented below.

The voting mode-wise breakdown for the special resolution on alteration of the object clause of the MoA is as follows:

Regulatory Compliance

The voting results were disclosed to the National Stock Exchange of India Limited on May 6, 2026, in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's report was prepared pursuant to Section 108 and 109 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014. The disclosure was signed by Bhagyashree Agarwal, Company Secretary (M. No.: A58764), from Kolkata. The scrutinizer, Himanshu Gupta (FCS No.: 12183, C.P. No.: 22596), confirmed that all electronic data and records relating to remote e-voting and poll papers are under safe custody and will be handed over to the authorized Company Secretary or Director after the chairman approves and signs the minutes of the EGM.