Classic Leasing & Finance appointed three directors to its board following the Extra-Ordinary General Meeting (EGM) held on June 27, 2026. Shareholders approved the appointments of Mr. Abhishek Mussadi, Mr. Mukesh Kumar Shaw, and Ms. Kusum Kochar through special resolutions. The voting process, scrutinized by Ms. Sweta Gupta of RSG & Associates, recorded a total of 11,620,995 votes polled, representing 94.86% of the outstanding shares. The appointments are intended to strengthen the company's corporate governance framework and support its long-term objectives.

The remote e-voting facility, facilitated by the Central Depository Services (India) Limited (CDSL), was open from June 24, 2026, to June 26, 2026. A total of 393 shareholders cast their votes via remote e-voting, while 40 attended the EGM in person. The cut-off date for determining voting rights was June 20, 2026. The Scrutinizer's Report confirmed that all three special resolutions were passed with the requisite majority, with 11,620,987 votes in favor and only 8 against.

Voting Results Summary

Director Profiles

Mr. Abhishek Mussadi and Mr. Mukesh Kumar Shaw were appointed as Non-Executive Independent Directors. Mr. Mussadi brings experience in business operations and corporate affairs, while Mr. Shaw is a Commerce Graduate and Qualified Company Secretary with expertise in corporate laws and regulatory filings. Both meet the independence criteria under the Companies Act, 2013, and SEBI Listing Regulations. Their offices are not eligible for retirement by rotation.

Ms. Kusum Kochar was appointed as a Non-Executive Director. She possesses experience in business management and financial oversight. Unlike the independent directors, her office is eligible for retirement by rotation. None of the appointees are related to existing directors, and Mr. Mussadi and Ms. Kochar do not hold any shares in the company.

Classic Leasing & Finance Ltd has completed the dispatch of notices for its Extra-Ordinary General Meeting (EGM) scheduled for June 27, 2026. The meeting seeks shareholder ratification for the appointment of three directors, including two Non-Executive Independent Directors and one Non-Executive Director. The dispatch of physical and electronic notices was finalized on June 4, 2026, and advertisements confirming this completion were published in the Financial Express and Arthik Lipi on June 5, 2026.

Agenda for the EGM

The Board recommends the appointment of Mr. Abhishek Mussadi (DIN: 02632924) and Mr. Mukesh Kumar Shaw (DIN: 08469938) as Non-Executive Independent Directors. Both individuals were appointed as Additional Independent Directors effective March 30, 2026, and are proposed to serve a term of five consecutive years. Additionally, the meeting will consider the appointment of Ms. Kusum Kochar (DIN: 08940881) as a Non-Executive Director, liable to retire by rotation. She was appointed as an Additional Director on May 27, 2026.

Voting and Participation Details

Shareholders can participate in the voting process through remote e-voting or by attending the meeting in person. The remote e-voting period commences on June 24, 2026, at 9:00 am and concludes on June 26, 2026, at 5:00 pm. The cut-off date for determining eligibility is June 20, 2026. The EGM will be held at the registered office at 11/A, Allenby Road, 1st Floor, A.J.C. Bose Road, Kolkata.

Ms. Sweta Gupta, Practising Company Secretary, has been appointed as the Scrutinizer to oversee the voting process. The facility for remote e-voting is being provided in collaboration with Central Depository Services (India) Limited (CDSL). M/s. R & D Infotech Private Limited serves as the Registrar & Share Transfer Agent.

Key Meeting Dates

The Board of Directors recommends all three special resolutions for approval by the members.