Meeting Details

The 45th Annual General Meeting (AGM) of Lakshmi Electrical Control Systems Limited was held on Friday, July 31, 2026, at Nani Kalai Arangam, Mani Higher Secondary School, Pappanaickenpalayam, Coimbatore-641037, Tamil Nadu.

The meeting commenced at 9:45 AM and concluded at 10:20 AM.

Directors Present

  • Smt. Nethra J.S. Kumar - Chairperson and Managing Director
  • Sri. D. Senthilkumar - Non-Executive Director, Member of Stakeholders Relationship Committee, and Chairman of Corporate Social Responsibility Committee
  • Sri. Vedhanth Senthilkumar - Non-Executive Non-Independent Director
  • Sri. N.R. Selvaraj - Independent Director, Chairman of Audit Committee and Nomination & Remuneration Committee
  • Sri. Arjun Balu - Independent Director, Member of Audit Committee, Nomination & Remuneration Committee, Corporate Social Responsibility Committee, and Chairman of Stakeholders Relationship Committee
  • Sri. C. Kamatchisundaram - Independent Director, Member of Audit Committee and Nomination & Remuneration Committee
  • Sri. Sudesh Koti Reddy - Independent Director

Other Attendees

  • Sri. S. Sathyanarayanan - Company Secretary
  • Sri. T.S. Anandathirthan - M/s Subbachar & Srinivasan, Statutory Auditor
  • Sri. B. Krishnamoorthi - Scrutiniser
  • Sri. M.D. Selvaraj - Secretarial Auditor
  • Sri. J. Sivakumar - Chief Operating Officer
  • Sri. A. Thiagarajan - Chief Financial Officer

Members Present

  • Promoter/Promoter Group: 4 members
  • Public: 48 members
  • No members were present through proxy

Meeting Proceedings

The Chairperson declared the meeting properly constituted with requisite quorum present. The Notice of AGM, Annual Financial Statements, Auditors' Report, Directors' Report and annexures were taken as read with general permission of members.

The Chairperson delivered a speech covering the overall financial performance and business segment performance. The statutory Auditors Report and Secretarial Auditor's Report were clean reports without any reservation, qualification, or adverse remarks.

Remote e-voting was conducted through National Securities Depository Limited, with ballot paper voting available for shareholders present at the meeting. Sri. B. Krishnamoorthi was appointed as Scrutiniser to oversee the voting process.

Voting Results

All resolutions were passed with requisite majority as declared on July 31, 2026, at 5:18 PM at the Registered Office:

Ordinary Business

Item No. 1: Adoption of Annual Financial Statements for FY26

  • Votes FOR: 10,69,720
  • Votes AGAINST: 18
  • Invalid Votes: Nil
  • Result: Passed as Ordinary Resolution

Item No. 2: Declaration of Dividend for FY26

  • Dividend: ₹3.00 per equity share of ₹10 each (30%)
  • Total shares: 24,58,000 equity shares
  • Total dividend amount: ₹73.74 lakhs (subject to TDS)
  • Record date: July 24, 2026
  • Distribution: Through HDFC Bank via electronic credit or dividend warrants within 30 days
  • Votes FOR: 10,69,720
  • Votes AGAINST: 18
  • Invalid Votes: Nil
  • Result: Passed as Ordinary Resolution

Item No. 3: Re-appointment of Sri. D. Senthilkumar (DIN: 00006172)

  • Votes FOR: 10,69,720
  • Votes AGAINST: 18
  • Invalid Votes: Nil
  • Result: Passed as Ordinary Resolution

Item No. 4: Appointment of M/s. NRD Associates as Statutory Auditors

  • Firm Registration No.: 005662S
  • Term: 5 consecutive years from FY 2026-2027 to 2030-2031
  • Remuneration: To be decided by Board of Directors
  • Replaces: M/s. Subbachar & Srinivasan (Firm Registration No. 004083S)
  • Votes FOR: 10,69,720
  • Votes AGAINST: 18
  • Invalid Votes: Nil
  • Result: Passed as Ordinary Resolution

Special Business

Item No. 5: Ratification of Remuneration for Cost Auditor

  • Cost Auditor: Sri. S. Subbaraman, Proprietor of S. Subbaraman & Associates (Firm Registration No.: 100526)
  • Remuneration: ₹40,000 (exclusive of applicable taxes) plus out-of-pocket expenses
  • Financial year: 2026-2027
  • Votes FOR: 10,69,720
  • Votes AGAINST: 18
  • Invalid Votes: Nil
  • Result: Passed as Ordinary Resolution

Item No. 6: Approval of Material Related Party Transaction with LMW Limited

  • Counterparty: LMW Limited (formerly Lakshmi Machine Works Limited)
  • Maximum amount: ₹450 Crores
  • Validity period: From conclusion of 45th AGM till conclusion of next AGM
  • Votes FOR: 1,81,522
  • Votes AGAINST: 18
  • Invalid Votes: Nil
  • Result: Passed as Ordinary Resolution

Item No. 7: Approval of Material Related Party Transaction with Lakshmi Precision Technologies Limited

  • Counterparty: Lakshmi Precision Technologies Limited
  • Maximum amount: ₹100 Crores
  • Validity period: From conclusion of 45th AGM till conclusion of next AGM
  • Votes FOR: 1,81,522
  • Votes AGAINST: 18
  • Invalid Votes: Nil
  • Result: Passed as Ordinary Resolution

Item No. 8: Amendment of Articles of Association

  • Amendment: Substitution of existing Article 84 regarding board appointments
  • Key changes: Chairman, Vice Chairman or CMD shall not be subject to retirement by rotation; Board may appoint one or more directors to specific offices
  • Votes FOR: 10,69,720
  • Votes AGAINST: 18
  • Invalid Votes: Nil
  • Result: Passed as Special Resolution