Classic Leasing & Finance Ltd has filed its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate submission demonstrates the company's adherence to regulatory requirements governing securities dematerialization and rematerialization processes.

Regulatory Filing Details

The company submitted the compliance certificate to stock exchanges on April 14, 2026, through Company Secretary and Compliance Officer Joyjit Das. The filing was directed to both BSE Limited and The Calcutta Stock Exchange Limited, where the company's shares are listed.

Registrar Confirmation

R&D Infotech Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate on April 07, 2026. The registrar confirmed that securities received from depository participants for dematerialization during the quarter were properly processed and confirmed to the depositories within prescribed timelines.

The certificate validates that security certificates received for dematerialization were appropriately confirmed or rejected, with physical certificates being mutilated and cancelled after due verification. The registrar also confirmed that depository names were substituted in the register of members as registered owners according to regulatory requirements.

Depository Communications

R&D Infotech Private Limited separately communicated with both major depositories - Central Depository Services (India) Limited and National Securities Depository Limited. These communications certified that details of securities dematerialized and rematerialized during the quarter were furnished to all stock exchanges where the company's shares are listed.

Compliance Framework

The filing under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 represents a mandatory quarterly requirement for listed companies. This regulation ensures transparency in the dematerialization process and maintains accurate records of securities transactions between physical and electronic formats.

The comprehensive documentation submitted by Classic Leasing & Finance Ltd demonstrates the company's commitment to regulatory compliance and proper governance of its securities handling processes.

Classic Leasing & Finance Ltd. has successfully completed its board restructuring following the meeting held on March 30, 2026. The company announced the outcome of the board meeting through regulatory filings to BSE Limited and Calcutta Stock Exchange Limited, addressing significant changes in its directorial composition.

Director Resignation and New Appointments

The board meeting resulted in substantial changes to the company's leadership structure:

Mrs. Minu Datta resigned from her position as Non-Executive Independent Director with effect from the closure of business hours on March 30, 2026, citing her inability to devote sufficient time due to other pre-occupations and commitments. She confirmed that there are no other material reasons for her resignation.

New Director Profiles

Mr. Mukesh Shaw, appointed as Non-Executive Independent Director for a term of five years, is a Commerce Graduate and qualified Company Secretary with extensive experience in Corporate Laws, Secretarial Compliance, Governance Practices and Regulatory Filings. His appointment is subject to shareholder approval.

Mr. Abhishek Mussadi brings valuable experience in business operations, management, and corporate affairs to his role as Non-Executive Independent Director. His practical approach in handling strategic matters and independent perspective in decision-making process is expected to strengthen the company's corporate governance practices.

Mrs. Kusum Kochar, appointed as Non-Executive Director, contributes rich experience in business management and strategic decision-making, with strong understanding of corporate governance, financial oversight, and regulatory compliance.

Committee Restructuring

The board constituted new committee structures for Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee:

Regulatory Compliance

The meeting outcome was communicated to BSE Limited (scrip code 540481) and Calcutta Stock Exchange Limited (scrip code 13099) in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The disclosure was made under Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

The board meeting commenced at 4:00 p.m. and concluded at 5:30 p.m., with Managing Director Chandra Shekhar Sony (DIN: 06431942) signing the official communication. All new appointments are subject to shareholder approval at the upcoming general meeting, ensuring proper oversight of the directorial transition process and maintaining the company's commitment to robust corporate governance standards.