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.

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.