Meeting Details

  • Date and Time: Friday, May 29, 2026, at 3:30 p.m. (IST)
  • Location: Conducted through electronic mode (video conference or other audio-visual means)
  • Deemed Venue: Brindavan, Plot No. 177, C.S.T. Road, Kalina, Santacruz (East), Mumbai, Maharashtra - 400 098
  • Type of Meeting: Eighteenth Annual General Meeting
  • Record Date: Friday, May 22, 2026
  • Total Shareholders on Record Date: 759,740

Shareholder Participation

  • Promoters and Promoter Group attended via VC/OAVM: 1
  • Public Shareholders attended via VC/OAVM: 121
  • Total Shares Outstanding: 2,50,54,50,399

Voting Process

Voting was conducted through two methods:

1. Remote e-voting: Conducted between Tuesday, May 26, 2026 (9:30 a.m. IST) and Thursday, May 28, 2026 (5:00 p.m. IST)

2. E-voting during AGM: Electronic voting conducted during the meeting on May 29, 2026

Central Depository Services (India) Limited (CDSL) was appointed as the agency for providing the voting platform.

Proposed Resolutions and Voting Outcomes

Resolution 1: Adoption of Financial Statements (Ordinary Resolution)

  • Description: To consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, together with reports of the Board of Directors and Auditors
  • Total Votes Polled: 2,16,48,06,970 (86.4039% of outstanding shares)
  • Votes in Favor: 2,16,48,05,236 (99.9999% of votes polled)
  • Votes Against: 1,734 (0.0001% of votes polled)
  • Promoter Voting: 100% in favor (1,65,25,30,125 votes)
  • Public Institutions Voting: 100% in favor (49,02,30,119 votes)
  • Public Non-Institutions Voting: 99.9921% in favor (2,20,44,992 votes), 0.0079% against (1,734 votes)

Resolution 2: Declaration of Final Dividend (Ordinary Resolution)

  • Description: To declare a final dividend of ₹2.75 per equity share of face value of ₹10 each for FY 2025-26
  • Total Votes Polled: 2,16,49,34,464 (86.4090% of outstanding shares)
  • Votes in Favor: 2,16,49,32,867 (99.9999% of votes polled)
  • Votes Against: 1,597 (0.0001% of votes polled)
  • Promoter Voting: 100% in favor (1,65,25,30,125 votes)
  • Public Institutions Voting: 100% in favor (49,03,56,452 votes)
  • Public Non-Institutions Voting: 99.9928% in favor (2,20,46,290 votes), 0.0072% against (1,597 votes)

Resolution 3: Re-appointment of Director (Ordinary Resolution)

  • Description: Appointment of Mr. S. N. Subrahmanyan (DIN: 02255382) as director who retires by rotation and offers himself for re-appointment
  • Total Votes Polled: 2,16,48,09,455 (86.4040% of outstanding shares)
  • Votes in Favor: 2,06,91,62,576 (95.5817% of votes polled)
  • Votes Against: 9,56,46,879 (4.4183% of votes polled)
  • Promoter Voting: 100% in favor (1,65,25,30,125 votes)
  • Public Institutions Voting: 80.5024% in favor (39,46,49,363 votes), 19.4976% against (9,55,83,391 votes)
  • Public Non-Institutions Voting: 99.7120% in favor (2,19,83,088 votes), 0.2880% against (63,488 votes)

Resolution 4: Amendment to Authorised Preference Share Capital (Ordinary Resolution)

  • Description: Amendment to the Authorised preference share capital in the Memorandum of Association of the Company
  • Total Votes Polled: 2,16,48,44,035 (86.4054% of outstanding shares)
  • Votes in Favor: 2,13,61,77,163 (98.6758% of votes polled)
  • Votes Against: 2,86,66,872 (1.3242% of votes polled)
  • Promoter Voting: 100% in favor (1,65,25,30,125 votes)
  • Public Institutions Voting: 94.1547% in favor (46,16,09,659 votes), 5.8453% against (2,86,57,775 votes)
  • Public Non-Institutions Voting: 99.9587% in favor (2,20,37,379 votes), 0.0413% against (9,097 votes)

Resolution 5: Issuance of Preference Shares (Special Resolution)

  • Description: Issuance of Cumulative Compulsorily Redeemable Non-Convertible Preference Shares by way of public offer or on a private placement basis
  • Total Votes Polled: 2,16,48,44,035 (86.4054% of outstanding shares)
  • Votes in Favor: 2,14,80,95,666 (99.2263% of votes polled)
  • Votes Against: 1,67,48,369 (0.7737% of votes polled)
  • Promoter Voting: 100% in favor (1,65,25,30,125 votes)
  • Public Institutions Voting: 96.5859% in favor (47,35,28,988 votes), 3.4141% against (1,67,38,446 votes)
  • Public Non-Institutions Voting: 99.9550% in favor (2,20,36,553 votes), 0.0450% against (9,923 votes)

Scrutinizer's Report

Mr. S. N. Viswanathan, Practicing Company Secretary, was appointed as Scrutinizer for both remote e-voting and e-voting during the AGM. Key findings:

  • Notice of AGM was published in Financial Express (English) and Loksatta (Marathi) newspapers on May 4, 2026
  • Notice was dispatched by email to 729,480 members who had registered their email IDs
  • Remote e-voting period was from May 26, 2026 (9:30 a.m.) to May 28, 2026 (5:00 p.m.)
  • All votes cast were found to be valid
  • The scrutinizer confirmed that all five resolutions were passed with requisite majority

Compliance Statement

The company confirmed compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the voting process followed the provisions of the Companies Act, 2013 and relevant rules.

Additional Information

The results were uploaded on the company's website at www.ltfinance.com. The company's CIN is L67120MH2008PLC181833.