Outcome of Board meeting held on 20th may,2025
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Awaiting price reaction for this filing.
The Board of Classic Electricals met on 20 May 2025 and approved the audited financial results for Q4 and full year ended 31 March 2025. The company has no revenue from operations in either year; income is entirely from other sources at Rs 97.94 lakh in FY25 versus Rs 97.57 lakh in FY24, while total expenses jumped to Rs 142.66 lakh from Rs 45.82 lakh. The company swung to a net loss for the full year, with basic EPS at Rs (1.00) versus Rs 1.33 in FY24, and operating cash outflow worsened to Rs (143.85) lakh from Rs (92.06) lakh. No dividend was recommended for FY25; a 5:1 bonus issue to non-promoter shareholders was carried out in October 2024, taking public holding to 26.47%. Statutory auditor ADV & Associates issued an unmodified opinion, D. Kothari & Associates was appointed as Secretarial Auditor for FY26–FY30, and the AGM is fixed for 30 June 2025.
Shareholders see a negative swing into a full-year loss, no dividend, and a deeper operating cash burn, which is unfriendly. However, with no operating revenue to begin with and a small absolute loss, this looks more like a dormant/holding entity than a sudden operational collapse; stock reaction is likely muted unless trading volume is meaningful.