Notice of Annual General Meeting
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Classic Electricals Ltd has announced its 40th AGM on Monday, 30th June 2025 at 3:00 PM at its registered office in Lower Parel, Mumbai. Remote e-voting will be open from 27th June (9:00 AM) to 29th June (5:00 PM), with the cut-off date set at 23rd June 2025. Shareholders will consider adopting FY2024-25 audited financials, re-appointing Mrs. Julie Mehul Shah (Non-Executive Director) who retires by rotation, and appointing M/s. D. Kothari & Associates as Secretarial Auditor for five years (FY2025-26 to FY2029-30). The company's FY2024-25 results show zero revenue from operations, total income of Rs. 97.94 Lakhs, and a net loss of Rs. 19.06 Lakhs versus a profit of Rs. 19.83 Lakhs in the previous year, so no dividend has been recommended. During the year, the company issued 4,20,375 bonus shares (5:1 ratio) to non-promoter shareholders, raising paid-up capital from Rs. 1.48 crore to Rs. 1.91 crore and pushing public shareholding to 26.47% to meet SEBI's minimum public shareholding requirement.
Shareholders should note the company swung from profit to loss in FY2024-25 and has skipped dividend, but the bonus issue improved public shareholding compliance. Investors with shares as of 23rd June 2025 are eligible to vote, and the AGM Notice and Annual Report are being sent only electronically.