The Shareholders of the Company at the 42nd Annual General Meeting have duly re-appointed Mr. Chandra Sekhar Sony as the Managing Director of the Company for a further period of 3 consecutive years.
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Classic Leasing & Finance held its 42nd AGM on 23 September 2025 via video conferencing. Shareholders approved the re-appointment of Mr. Chandra Shekhar Sony (DIN: 06431942) as Managing Director for a further period of 3 consecutive years through a special resolution. Mr. Sony was first appointed to the board on 31 July 2020 and holds an MBA with 15 years of experience in the steel and paper industry, with no other listed company directorships. Other business included adoption of FY25 audited financials, his re-appointment as director retiring by rotation, and approval of a preferential equity share issue to promoter and non-promoter entities.
Continuity in leadership at the NBFC as the existing Managing Director gets another 3-year term. The passing of a preferential share issue resolution signals potential dilution for existing shareholders, depending on allotment details. No immediate share price catalyst expected from the re-appointment alone.