Outcome of Board Meeting dated 27.05.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250 and 4.8 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Classic Leasing & Finance Ltd reported strong financial performance for FY2026 ending March 31, 2026. Revenue from operations grew 89% to Rs. 129.90 lakhs from Rs. 68.68 lakhs in FY2025. Profit after tax surged 327% to Rs. 111.68 lakhs from Rs. 26.17 lakhs, with net profit margin expanding from 29.5% to 74.1%. The company raised Rs. 1063.75 lakhs through preferential issuance of 92.5 lakh equity shares in January 2026, which increased share capital from Rs. 300.02 lakhs to Rs. 1,225.02 lakhs. However, the statutory auditor M/s Agarwal Khetan & Co. issued a QUALIFIED opinion due to two material concerns: inability to quantify fair value of investments due to incomplete investee data, and failure to provide Rs. 316.31 crore provision for corporate guarantee given to Kohinoor Steel Pvt Ltd (under CIRP process). The company also had negative operating cash flow of Rs. 930.80 lakhs, primarily due to loans and advances of Rs. 1,196.26 lakhs given during the year.
The qualified audit opinion raises red flags about undisclosed contingent liabilities and valuation concerns that could materially impact the company's financial health. Despite strong profit growth, the negative operating cash flow and Rs. 316 crore unguaranteed liability warrant caution for investors. The stock may face pressure due to audit qualification despite positive underlying business performance.