Classic Leasing & Finance has scheduled its 43rd Annual General Meeting for September 19, 2026. The meeting will convene at 11:00 am at the company’s registered office in Kolkata to transact ordinary business items.

The primary agenda includes the adoption of the audited financial statements for the financial year ended March 31, 2026. Shareholders will also consider the re-appointment of Mr. Chandra Shekhar Sony as a director, who retires by rotation but is eligible and has offered himself for re-appointment.

Meeting Details and Agenda

The AGM will address two key resolutions under ordinary business. First, members will receive, consider, and adopt the audited financial statements along with the reports of the Board of Directors and Auditors for FY26. Second, the board seeks approval for the re-appointment of Mr. Sony, who has served as a director since July 31, 2020.

Mr. Sony brings approximately 15 years of professional experience in management and finance. His background includes significant exposure to financial management, credit evaluation, and business operations within the NBFC sector. He holds an MBA degree and does not hold any shares in the company.

Voting Process and Logistics

The company has enabled remote e-voting through Central Depository Services (India) Limited (CDSL). The e-voting period commences on September 16, 2026, at 9:00 am and concludes on September 18, 2026, at 5:00 pm. Only shareholders holding shares as on the cut-off date of September 12, 2026, are eligible to cast their votes.

Shareholders can vote via remote e-voting or through physical polling at the meeting venue. Those who vote remotely cannot vote again at the meeting. If a shareholder votes through both modes, the remote e-vote will be considered final, and the physical ballot will be invalid.

Ms. Sweta Gupta, a practicing company secretary, has been appointed as the scrutinizer to ensure fair and transparent voting procedures. The voting results and scrutinizer's report will be published on the company’s website and stock exchange portals following the meeting.

Members holding shares in demat mode can access the e-voting system through their depository participants (CDSL or NSDL) using single login credentials. Physical shareholders must register on the CDSL e-voting platform using their folio number, PAN, and dividend bank details or date of birth.

Classic Leasing & Finance Ltd reported a net profit of ₹111.68 lakh for the financial year ended March 31, 2026, compared to ₹46.17 lakh in the previous year. Revenue from operations for FY26 stood at ₹129.90 lakh, up from ₹68.68 lakh in FY25, primarily driven by interest income which rose to ₹108.41 lakh. The board approved the audited financial results at a meeting held on May 27, 2026.

Financial Performance

The company’s profit before tax for the year increased to ₹111.84 lakh from ₹46.24 lakh in the prior year. Total income for FY26 was recorded at ₹150.71 lakh, while total expenses were contained at ₹38.87 lakh. For the quarter ended March 31, 2026, the company posted a net profit of ₹45.83 lakh on a total income of ₹57.32 lakh.

Key Financial Metrics (FY26)

Capital Structure and Fund Utilisation

During the year, the company allotted 92.5 lakh equity shares of ₹10 each at a premium of ₹1.5 per share on January 11, 2026, raising proceeds of ₹1,063.75 lakh. The entire amount was utilised for funding working capital requirements. Consequently, the equity share capital increased to ₹1,225.02 lakh as of March 31, 2026, compared to ₹300.02 lakh in the previous year.

Auditor’s Qualification

Statutory auditors M/s Agarwal Khetan & Co. issued a qualified opinion on the financial results. The qualification arose due to the company's inability to quantify the fair value of investments in the absence of relevant information from investee companies. Additionally, the auditors noted that the company did not provide a provision for a contingent liability of ₹316.31 crore related to a corporate guarantee given for M/s Kohinoor Steel Private Limited, which is under the Corporate Insolvency Resolution Process (CIRP). The management stated that the likelihood of the liability crystallising is remote.