Classic Electricals Ltd — Important, 03-06-2026: Company Update

Classic Electricals announced its 41st Annual General Meeting to approve FY26 financial results. The company reported a profit of Rs 0.11 Cr, reversing last year's Rs 0.19 Cr loss, but declared no dividend. Shareholders will vote on several related-party property transactions. These include a nearly 30-year lease of Gujarat land and buildings to promoter group entity Great White Global for Rs 0.02 Cr/month, granting perpetual right-of-way, and confirming an adjacent land lease for Rs 0.03 Cr/month. Separately, five Mumbai office units will be licensed to related parties for Rs 10,000/month each. A secretarial audit highlighted pending promoter share dematerialization.