APPOINTMENT AND RESIGNATION OF DIRECTORS
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Classic Leasing & Finance Ltd announced changes to its Board effective 30th March 2026. Mrs. Minu Datta, a Non-Executive Independent Director, resigned citing inability to devote enough time due to other pre-occupations and commitments. To fill the vacancy and strengthen the Board, three new directors were appointed: Mr. Mukesh Shaw and Mr. Abhishek Mussadi as Additional Non-Executive Independent Directors (each for a 5-year term, subject to shareholder approval), and Mrs. Kusum Kochar as an Additional Non-Executive Director. All incoming directors have confirmed they are not related to any existing director, hold no shares in the company, and are not debarred from directorship by SEBI or any authority.
This is a routine board refresh with one independent director exiting due to time constraints and three new independent/non-executive directors joining. The net effect is expanded board strength with governance and compliance expertise, but no material change is expected for shareholders or the stock price.