Meeting Details
The 52nd Annual General Meeting was held on Monday, 10th August 2026 at 10:15 AM through Video Conferencing/Other Audio Visual Means in compliance with MCA and SEBI circulars.
Attendance
46 shareholders holding 364,791 shares were present through Video Conferencing.
Directors Present through VC:
- Smt. Aishwarya Pathy, Vice Chairperson
- Sri R.Santharam, Non-Executive, Non-Independent Director
- Sri N. Jayachandar, Non-Executive, Non-Independent Director
- Sri M.V. Jeganathan, Independent Director and Chairman of the Audit Committee
- Sri M.R.Thiagarajan, Independent Director and Chairman of the Nomination and Remuneration Committee
- Sri B. Sreeram, Independent Director and Chairman of the Stakeholders' Relationship Committee
- Sri Pradip Roy, Independent Director
Key Executives and Auditors Present:
- CA Sri Abhinav Venkatesh, Partner, M/s. Subbachar & Srinivasan, Statutory Auditors (Firm Regn. No.004083S; Membership No. 263357)
- CS Sri M.R.L.Narasimha, Secretarial Auditor (Membership No. 2851)
- CA Sri B. Krishnamoorthi, Scrutiniser (Membership No. 20439)
- Mr. R.D.Anandakumar, Chief Executive Officer
- Mr. K.P. Krishnakumar, Chief Financial Officer (present at venue)
- Mr. R.Muthukumar, Company Secretary (present at Registered Office)
- Sri S.Pathy, Chairman (present at Registered Office)
Communication to Shareholders
The Notice of the 52nd AGM along with Annual Report for year ended 31st March 2026 was sent electronically to shareholders who registered email addresses. For others, letters containing web link to access Annual Report were dispatched. Documents were available on company website www.lakshmiew.com and BSE website www.bseindia.com.
Business Conducted
Ordinary Business - Ordinary Resolutions:
1. Adoption of Audited Financial Statements comprising Balance Sheet as at 31st March 2026, Statement of Profit and Loss (including other Comprehensive income), Statement of changes in Equity and Cash Flow Statement for financial year ended 31st March 2026, together with Reports of Board of Directors and Auditors
2. Declaration of Dividend: Board recommended dividend of ₹10 (10%) per equity share for year ended 31st March 2026
3. Re-appointment of Sri R.Santharam who retires by rotation and is eligible for re-appointment
4. Re-appointment of Sri N.Jayachandar who retires by rotation and is eligible for re-appointment
Special Business - Special Resolution:
5. Re-appointment of Sri Pradip Roy as Non-Executive Independent Director for second term of five consecutive years commencing from conclusion of this AGM
Shareholder Queries
As per Note No. 18 of AGM Notice, members were required to submit queries on company's accounts or operations at least seven days before meeting. No queries were received.
Voting Process
Remote e-voting facility was available from 9:00 AM on 07-08-2026 till 5:00 PM on 09-08-2026 through National Securities Depository Ltd (NSDL). Shareholders present at meeting who hadn't voted remotely could vote during 15-minute period at end of proceedings.
Results Timeline
Scrutiniser Sri B.Krishnamoorthi will submit report on e-voting results within two days from conclusion of meeting. Results will be announced at Registered Office, posted on company website and NSDL website, and forwarded to Stock Exchange on or before 12th August 2026.
Chairman's Address Highlights
- Briefed shareholders on Indian economy and corporate performance during the year
- Future growth will be driven by strategic, phased expansion of warehousing capacity in Hosur
- Company will pursue disciplined build-to-suit model backed by firm demand commitments
- Engineering Services Division will expand supply of weaving and textile machinery spares across domestic and international markets in FY2026-27
- Continued growth expected across machinery parts, tool holders, and C-type loom accessories
- Sri Pradip Roy completes first term of five years; Board recommended his reappointment for second term
Meeting Conclusion
The meeting concluded with vote of thanks to the Chair at 10:45 AM.