Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Classic Electricals Limited submitted its 40th Annual Report for FY 2024-25 along with the AGM notice to BSE. The 40th Annual General Meeting is scheduled for Monday, June 30, 2025 at 3:00 PM at the registered office in Lower Parel, Mumbai. Remote e-voting will be open from June 27-29, 2025. Financially, the company reported zero revenue from operations, with total income of ₹97.94 lakhs coming entirely from 'other income' (vs ₹97.57 lakhs last year). The company swung to a net loss of ₹19.06 lakhs compared to a profit of ₹19.83 lakhs in FY 2023-24. No dividend was declared due to losses. The company issued 4,20,375 bonus equity shares (5:1 ratio) to non-promoter shareholders, increasing paid-up capital from ₹1.49 crore to ₹1.91 crore; promoter holding fell to 73.53% and public holding rose to 26.47%, helping meet minimum public shareholding norms.
Negative for shareholders — the company moved from profit to loss and has no operational revenue, raising concerns about its core business. The bonus issue is dilutive but was done only to non-promoters to comply with SEBI's minimum public shareholding requirement, suggesting the company itself is not generating real business growth.