Notice of Annual General Meeting to be held on 25th June, 2026.
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Classic Electricals has called its 41st AGM on 25th June 2026 at 3:00 PM at its registered office in Lower Parel, Mumbai. The meeting will consider adoption of FY26 audited financial statements and re-appointment of Mr. Sunil Hirji Shah (Executive Director & CFO), who retires by rotation. The key special business items involve multiple related-party transactions under Section 188, primarily leasing the company's land (~22,001 sq. mts.) at Gundlav, Valsad, Gujarat to Great White Global Pvt Ltd at Rs. 2 lakh per month, acting as a confirming party to another lease at Rs. 3 lakh per month, and granting six small Leave & License agreements for office units (~50 sq. ft. each) in Krishna Chambers, Mumbai at Rs. 10,000 per month each. Remote e-voting opens 22nd June and closes 24th June 2026, with cut-off date 18th June 2026.
Routine AGM notice with mostly related-party leasing arrangements seeking shareholder approval. The resolutions indicate the company's revenue model is heavily dependent on rental income from related parties, which shareholders should review carefully before voting.