Classic Electricals Limited - Loans (Charges)

Classic Electricals Limited loan details

Data last updated: 14 July 2026

Classic Electricals Limited has 3 charges registered with the Registrar of Companies: 2 open charges worth Rs 6.50 M and 1 satisfied charge worth Rs 2.00 M. The largest open charges are held by Syndicate Bank and Mandvi Co-Op. Bank Limited. Lenders on record include Mandvi Co-Op. Bank Limited, Bank Of India, Syndicate Bank. The most recent charge was created on 28 Dec 1999 in favour of Syndicate Bank for Rs 6.00 M and is open. A charge is a security interest a company creates over its assets in favour of a lender; an open charge is still outstanding, while a satisfied charge has been repaid and closed with the Registrar. Amounts are as filed with the MCA.

Under the Companies Act, 2013 a company must register every charge on its property or assets with the Registrar of Companies within thirty days of creating it (Form CHG-1, or CHG-9 for debentures), and report its satisfaction within thirty days of repayment (Form CHG-4). The register of charges is public, so lenders, suppliers and investors can see which assets of Classic Electricals Limited are already pledged, to whom, and for how much. This page lists each charge with its holder, amount, status and the dates of creation, modification and satisfaction, along with the share of borrowing held by each lending institution.