Scrutinizers Report and Voting Results for the 42nd Annual General Meeting held on 23rd September, 2025
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Classic Leasing & Finance Ltd held its 42nd AGM on 23rd September 2025 via video conferencing, where all five resolutions were passed with overwhelming majority (nearly 100% votes in favor). Total shareholders on record date were 1,240, with 87 attending through VC, 238 voting through remote e-voting, and 4 voting during the meeting. Key resolutions included adoption of FY25 audited financial statements, re-appointment of Mr. Chandra Shekhar Sony (retiring by rotation), and his continuation as Managing Director for 5 years. A significant special resolution was the issue of equity shares on a preferential basis to promoter and non-promoter entities; on this item, promoter-held shares (922,700) were excluded from voting, bringing the polling percentage to 53.79% with 99.99% assent. Ms. Twinkle Agarwal was also appointed as Secretarial Auditor for 5 years.
All routine AGM items cleared comfortably. The preferential equity issue to promoter and non-promoter entities is the material outcome — it signals a planned capital infusion which could lead to share dilution. For existing shareholders, watch for further disclosures on issue price, number of shares, and allottee details.