Outcome of Board Meeting dated 13.11.2025
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Classic Leasing & Finance Ltd's board approved its unaudited financial results for the quarter and half-year ended 30 September 2025. Total income for Q2 FY26 rose to ₹31.59 lakhs from ₹21.95 lakhs in Q2 FY25, a jump of about 44% year-on-year. Profit after tax climbed to ₹23.20 lakhs from ₹16.54 lakhs, while half-yearly PAT nearly doubled to ₹40.19 lakhs from ₹22.76 lakhs. Despite these gains, the company continues to carry a deeply negative net worth of ₹(378.08) lakhs against borrowings of ₹979.90 lakhs. The statutory auditor, Agarwal Khetan & Co., has issued a qualified opinion on these results.
While top-line and profit growth look strong, the negative net worth and qualified auditor opinion signal serious financial weakness and going-concern risk. Shareholders should treat this as a high-risk situation despite the improving earnings.