Notice of 42nd Annual General Meeting.
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Classic Leasing & Finance Ltd has notified its 42nd AGM to be held on Tuesday, 23rd September 2025 at 3:00 PM via video conferencing. The agenda includes adoption of audited financial statements for FY ended 31st March 2025, re-appointment of Mr. Chandra Shekhar Sony as Director retiring by rotation, and his further re-appointment as Managing Director for 3 years from 31st July 2025. A key special resolution seeks approval to issue up to 92,50,000 equity shares of Rs. 10 face value at Rs. 10 per share on a preferential basis to 5 allottees (2 promoters, 1 promoter group, 2 non-promoters), raising up to Rs. 9.25 crore. The funds are intended to meet RBI's Net Owned Fund requirements of Rs. 5 crore by March 2025 and Rs. 10 crore by March 2027, along with working capital needs. Additionally, Ms. Twinkle Agarwal is proposed to be appointed as Secretarial Auditor for 5 years (FY26–FY30) at Rs. 15,000 per annum.
Shareholders should note the preferential issue will dilute existing holdings; promoter and promoter group entities will receive 37 lakh shares (about 40%) while non-promoter entities will receive 55.5 lakh shares (about 60%) of the issuance. The fund raise is regulatory-driven for NBFC compliance rather than growth-led, which existing shareholders should factor in when voting on the special resolution.