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.

Classic Leasing & Finance Ltd. has announced robust unaudited financial results for the third quarter of fiscal year 2026, reporting a net profit of ₹25.65 lakhs for the quarter ended December 31, 2025. The board of directors approved these results at their meeting held on February 11, 2026, demonstrating significant improvement across key financial metrics.

Outstanding Quarterly Performance

The company delivered exceptional operational performance during Q3FY26, with total income surging to ₹35.23 lakhs compared to ₹23.33 lakhs in the corresponding quarter of the previous year. Revenue from operations reached ₹30.40 lakhs, while other income contributed ₹4.83 lakhs to the total.

Nine-Month Cumulative Growth

For the nine months ended December 31, 2025, the company maintained strong momentum with total income of ₹93.39 lakhs and net profit of ₹65.85 lakhs. This represents substantial improvement over the corresponding period last year when total income was ₹58.70 lakhs and net profit was ₹37.88 lakhs.

Balance Sheet Strengthening

As of December 31, 2025, the company's total assets expanded to ₹638.12 lakhs compared to ₹534.75 lakhs in the previous year. Financial assets comprised ₹623.88 lakhs, including loans of ₹418.18 lakhs and significantly improved cash equivalents of ₹75.51 lakhs.

Corporate Actions and Compliance

The board meeting commenced at 2:30 PM and concluded at 4:15 PM on February 11, 2026. The company received BSE approval for equity share issuance on December 29, 2025, and subsequently allotted 92.5 lakh equity shares of ₹10 each at a premium of ₹1.50 per share on January 11, 2026. The auditor's report was provided by Agarwal Khetan & Co., Chartered Accountants, with the review conducted in accordance with Standard on Review Engagement (SRE) 2410.