Meeting Details

The 32nd AGM was held on Saturday, July 25, 2026, commencing at 10:00 A.M. IST and concluding at 11:03 A.M. IST. It was conducted through Video Conference/Other Audio-Visual Means (VC/OAVM).

Attendance

Directors Present

The following directors attended the meeting from the locations specified:

  • (Hony) Brig Dr Arvind Lal, Executive Chair (Gurugram)
  • Mr. Arun Duggal, Lead Independent Director and Chairperson of the Nomination & Remuneration Committee and Stakeholders Relationship Committee (Gurugram)
  • Dr. Vandana Lal, Whole Time Director (New Delhi)
  • Mr. Rohit Bhasin, Independent Director and Chairperson of Audit Committee (New Delhi)
  • Ms. Somya Satsangi, Independent Director and Chairperson of the Risk Management Committee (New Delhi)
  • Mr. Rahul Sharma, Non-Executive Director (Gurugram)
  • Mr. Rajit Mehta, Independent Director (Gurugram)
  • Mr. Gurinder Singh Kalra, Independent Director (New Delhi)
  • Dr. Archana Lal Erdmann, Non-Executive Director (New Delhi)

Other Attendees

The following key personnel and auditors were also present:

  • Mr. Shankha Banerjee, Chief Executive Officer
  • Mr. Ved Prakash Goel, Group Chief Financial Officer and CEO – International Business
  • Mr. Vinay Gujral, Company Secretary & Compliance Officer
  • Mr. Rashim Tandon, Partner, Deloitte Haskins & Sells, LLP (Statutory Auditors)
  • Mr. Pradeep Singh, Senior Manager, Deloitte Haskins & Sells, LLP (Statutory Auditors)
  • Mr. Lakhan Gupta, Partner, Chandrasekaran Associates (Secretarial Auditors)
  • Mr. Kapil Bansal, Senior Manager, Ernst & Young LLP (Internal Auditors)
  • Mr. Vaibhav Gupta, Authorized Representative, A.G Agarwal & Associates (Cost Auditors)
  • Mr. K. K. Singh, Partner, K. K. Singh & Associates (Scrutinizer)

Member Attendance

Three members attended via video conference, and 62 members were represented.

Business Conducted

The following agenda items from the AGM notice were taken up:

Ordinary Businesses

1. Adoption of Financial Statements: To receive, consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the reports of the Directors and Auditors. (Ordinary Resolution)

2. Declaration of Final Dividend: To declare a final dividend of ₹4 per fully paid-up equity share (face value of ₹10 each) for the Financial Year ended March 31, 2026. (Ordinary Resolution)

3. Re-appointment of Director: To appoint a director in place of Mr. Rahul Sharma (DIN: 00956625), who retires by rotation and offered himself for re-appointment. (Ordinary Resolution)

Special Businesses

4. Revision in Remuneration: Revision in the remuneration structure of (Hony) Brig Dr Arvind Lal (DIN: 00576638), Executive Chairman and Whole-Time Director. (Special Resolution)

5. Revision in Remuneration: Revision in the remuneration structure of Dr. Vandana Lal (DIN: 00472955), Whole Time Director. (Special Resolution)

6. Re-appointment of Director: Re-appointment of Mr. Rajit Mehta (DIN: 01604819) as a Non-Executive Independent Director for a second term of five consecutive years commencing from July 27, 2026. (Special Resolution)

7. ESOP Remuneration: Payment of remuneration to Mr. Rahul Sharma (DIN: 00956625), Non-Executive Director, in the event of exercise of ESOPs in excess of 50% of total remuneration payable to all Non-Executive Directors. (Special Resolution)

8. Commission to Directors: Payment of Commission to Non-Executive Directors including Independent Directors. (Special Resolution)

9. Ratification of Remuneration: Ratification of Remuneration payable to Cost Auditors for the Financial Year. (Special Resolution)

Note: For Item Nos. 4, 5 & 6, the Chairperson ((Hony) Brig Dr Arvind Lal) was deemed interested. The conduct of proceedings for these items was entrusted to Mr. Arun Duggal, Lead Independent Director.

Voting Process

The company engaged Central Depository Services (India) Limited (CDSL) to provide e-voting facilities.

  • The remote e-voting period was from Tuesday, July 21, 2026, at 9:00 A.M. IST to Friday, July 24, 2026, at 5:00 P.M. IST.
  • Members who had not voted remotely could vote during the AGM via their demat accounts.
  • M/s. K.K Singh & Associates were appointed as the Scrutinizer for the e-voting process.
  • E-voting on the CDSL platform remained open for 15 minutes after the meeting concluded (until 11:18 A.M. IST).

Other Proceedings

  • The Statutory Auditors' Report and Secretarial Auditor's Report for FY ended March 31, 2026, contained no qualifications or reservations and were not read out.
  • A Q&A session was held where pre-registered members could ask questions, which were responded to by CEO Mr. Shankha Banerjee.

Next Steps

The results of the e-voting were scheduled to be announced on or before July 28, 2026, and made available on the company's website (www.lalpathlabs.com), the stock exchanges' websites (BSE and NSE), and the CDSL website (www.evotingindia.com).