Proceedings of the 42nd Annual General Meeting
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Classic Leasing & Finance Ltd held its 42nd AGM on 23rd September 2025 via video conferencing, from 3:00 PM to 3:27 PM. Five items were transacted, including adoption of audited financial statements for FY ending 31 March 2025 and reappointment of Mr. Chandra Shekhar Sony as Managing Director. A special resolution was passed approving the issue of equity shares on a preferential basis to promoter and non-promoter entities. Ms. Twinkle Agarwal was appointed as Secretarial Auditor. Remote e-voting was conducted from 20-22 September 2025 via CDSL, with Ms. Sweta Gupta of RSG & Associates acting as scrutinizer. Voting results are to be filed with stock exchanges within 2 working days.
The preferential equity issue to promoters and non-promoters is a key point — if approved, it could lead to dilution of existing shareholders and changes in the promoter shareholding. Reappointment of the same Managing Director signals continuity in leadership. Detailed voting results are still awaited and may clarify the level of shareholder support for these resolutions.