Classic Electricals Ltd. — Delisting Announcement 2021

Jul 9, 2021

CLASSIC ELECTRICALS LIMITED

Reg. Off. : 1301, 13th Floor, Peninsula Business Park, Tower B, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013. Email Id : info.roc7412@gmail.com Website : www.classicelectricals.co.in

CIN: L25209MH1985PLC036049

Date:09[th] July, 2021

To, The Manager Listing, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001, Maharashtra, India

BSE Scrip Code: 512213

Dear Sir/ Madam,

Sub: Prior Intimation in accordance with Regulation 29(1)(c) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 10(1) of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, with respect to the meeting of board of directors of Classic Electricals Limited (“Company”) scheduled to be held on Tuesday, July 13, 2021 to consider the proposal for voluntary delisting of the equity shares of the Company received from the present Promoters and Promoter Group and related matters incidental thereto

This is with reference to the captioned subject matter and in continuation to our intimation letters dated Thursday, July 01, 2021, conveying intimation of the meeting of the Board of Directors of the Company; and Tuesday, July 06, 2021, conveying outcome of the meeting of the Board of Directors of the Company.

As intimated earlier, our Company has been in receipt of Initial Public Announcement dated June 22, 2021, by the CapitalSquare Advisors Pvt Ltd on behalf of the present Promoters and Promoter Group, wherein the Promoters have expressed the intention and reasons to voluntarily delist the equity shares having face value of ₹10.00 (Rupees Ten only) (hereinafter referred to as ‘Equity Shares’ ) of the Company from the BSE Limited (hereinafter referred to as ‘Stock Exchange’ / ‘BSE’ ), where the Equity Shares of the Company are currently listed, in accordance with Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021 (hereinafter referred to as ‘SEBI Delisting Regulations’ ).

The Board of Directors of the Company in its board meeting held on Tuesday, July 06, 2021, had inter-alia decided to:

• a) Take on record the Initial Public Announcement dated June 22, 2021, received from CapitalSquare Advisors Pvt Ltd on behalf of the present Promoters and Promoter Group;

• b) Appointment of CS Dhanraj Kothari, Practicing Company Secretary bearing Membership Number ‘F4930’ and Certificate of Practice Number ‘4675’, Peer Review Company Secretary, to carry out due-diligence in terms of the SEBI Delisting Regulations;

In furtherance to the above and in pursuance of Regulation 29 (1) (c) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, our Company would like to inform you that, a meeting of the Board of Directors of the Company is proposed to be convened on Tuesday, July 13, 2021, in order to inter-alia consider the following:

CLASSIC ELECTRICALS LIMITED

Reg. Off. : 1301, 13th Floor, Peninsula Business Park, Tower B, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013. Email Id : info.roc7412@gmail.com Website : www.classicelectricals.co.in

CIN: L25209MH1985PLC036049

• a) To take on record and review the due diligence report prepared by the Peer Review Company Secretary;

• b) To approve or reject the Delisting Proposal;

• c) Such other acts as may be required in accordance with the SEBI Delisting Regulations;

• d) Any other incidental matter.

Further, please be informed that, in accordance with the Company’s code of conduct to regulate, monitor, and report trading by insiders and the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window of the Company will remain closed with immediate effect and shall re-open only after 48 hours from the announcement of the outcome of the board meeting to the Stock Exchanges wherein the Delisting Proposal is considered by the Board of Directors of the Company.

Kindly take the above on your record.

Yours faithfully,

FOR CLASSIC ELECTRICALS LIMITED

SUNIL HIRJI SHAH Digitally signed by SUNIL HIRJI SHAH DN: c=IN, st=Maharashtra, 2.5.4.20=8e8043ea03798f058edfc285ebe5f3d6b3ccf639e40708b09edec3dba8b16150, postalCode=401203, street=B/104,HEERA PANNA CHS. LTD. LODHA PARK, STN. ROAD, NALLASOPARA W, serialNumber=cdf053aa3ec458fc40b3d12250b14f5382f26f8ae2c28009bc5a311aeb9bd800, o=Personal, cn=SUNIL HIRJI SHAH, pseudonym=2f11f1552883a9093e24391b614c20c1 Date: 2021.07.09 20:39:03 +05'30'

SUNIL SHAH DIRECTOR DIN : 02775683