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.

Classic Leasing & Finance Ltd reported a net profit of ₹111.68 lakh for the financial year ended March 31, 2026, marking a 142% increase from ₹46.17 lakh in the previous year. Revenue from operations for FY26 rose to ₹129.90 lakh from ₹68.68 lakh in FY25. The company published its audited financial results for the quarter and year ended March 31, 2026, in newspapers on May 28, 2026, under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹45.83 lakh, compared to ₹8.29 lakh in the corresponding period of the previous year. Total income for the quarter stood at ₹57.32 lakh. The statutory auditors, M/s Agarwal Khetan & Co., Chartered Accountants, issued an audit report with a qualified opinion. The qualification was based on the company's inability to quantify the fair value of investments due to a lack of relevant information from the investee company and the absence of provision for a contingent liability of ₹316.31 crore regarding a corporate guarantee for M/s Kohinoor Steel Private Limited, which is under the Corporate Insolvency Resolution Process (CIRP).

The company's equity share capital increased to ₹1,225.02 lakh as of March 31, 2026, from ₹300.02 lakh in the previous year, following a preferential issue of 92.5 lakh equity shares at a premium of ₹1.5 per share on January 11, 2026. The proceeds of ₹1,063.75 lakh were utilized for funding working capital requirements.

The trading window for dealing in the company's securities remains closed for designated persons and their immediate relatives until 48 hours after the declaration of the audited financial results. The intimation was submitted to BSE Limited and Calcutta Stock Exchange Limited.