OUTCOME OF BOARD MEETING HELD ON 30TH MARCH, 2026
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Classic Leasing & Finance Ltd held a board meeting on 30th March, 2026 with multiple changes to its board composition. Mrs. Minu Datta resigned as Non-Executive Independent Director 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 as Additional Non-Executive Independent Director for a 5-year term, Mr. Abhishek Mussadi as Additional Non-Executive Independent Director, and Mrs. Kusum Kochar as Additional Non-Executive Director. All new appointees are not related to any existing director, hold no shares in the company, and are not debarred by SEBI from holding directorship.
For shareholders, this is a routine board reshuffle — one independent director exits for personal reasons and is replaced along with two additional independent/non-executive additions. The new directors bring experience in corporate law, business operations, and governance, which could slightly improve board quality, but the company remains a small NBFC so the overall impact on stock price is likely minimal.