Meeting Details

  • Date: Friday, September 25, 2026
  • Time: 10:00 A.M. to 11:04 A.M. (IST) - 64 minutes duration
  • Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) facility
  • Deemed Venue: Registered office at Office no. 103, Akruti Arcade, J. P. Road, Opposite A.H. Wadia High School, Andheri West, Mumbai- 400 058, Maharashtra, India
  • Type of Meeting: 22nd Annual General Meeting

Resolutions Considered

Four resolutions were proposed and transacted at the meeting:

1. Ordinary Resolution: To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended March 31, 2026, including Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and Reports of Board of Directors and Auditors

2. Ordinary Resolution: To receive, consider and adopt the Audited Consolidated Financial Statements for the financial year ended March 31, 2026, including Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and Report of Auditors

3. Ordinary Resolution: To re-appoint Mr. Rajesh Vrajlal Khakhar (DIN: 00679903), Whole-time Director, as a Director liable to retire by rotation

4. Special Resolution: To approve variation in the objects/terms of utilization of the Initial Public Offering (IPO) proceeds and extension of the timeline for utilization of IPO Proceeds

Voting Process

  • Remote e-voting provider: MUFG Intime India Private Limited
  • Remote e-voting period: Commenced Tuesday, September 22, 2026 at 9:00 A.M. (IST) and ended Thursday, September 24, 2026 at 5:00 P.M. (IST)
  • Cut-off date: Friday, September 18, 2026
  • Scrutinizer: Mr. Muffaddal Jawadwala, Proprietor at M/s. M. Jawadwala & Co, Company Secretaries, Mumbai
  • Additional voting: Members who hadn't voted remotely could vote during the AGM for 15 minutes

Attendance and Participation

  • Total members present: 55 members attended through VC/OAVM
  • Board attendance: All directors attended through VC:
  • Mr. Rajesh Vrajlal Khakhar (Chairperson & Whole-Time Director, Chairperson of CSR Committee)
  • Mr. Sameer Kamlesh Merchant (Managing Director & CEO)
  • Mrs. Anjana Grewal (Non-Executive, Independent Director)
  • Mr. Rajesh Dalal (Non-Executive Independent Director, Chairperson of Nomination and Remuneration Committee)
  • Mr. Devesh Ghanshyam Chawla (Non-Executive, Independent Director, Chairperson of Audit Committee and Stakeholder Relationship Committee)
  • Dr. Anil Arora (Non-Executive, Non-Independent Director)
  • Management attendance:
  • Mr. Dharmesh Dattani (Chief Financial Officer)
  • Mr. Suman Saha (Company Secretary and Compliance Officer)
  • Other attendees: Representatives of Statutory Auditors, Secretarial Auditors, and the Scrutinizer

Key Proceedings

  • The meeting was chaired by Mr. Rajesh Vrajlal Khakhar
  • Quorum was confirmed present at commencement
  • Directors, Key Managerial Personnel, and representatives were introduced
  • Proxy appointment facility was not applicable due to virtual meeting format
  • Statutory documents were available for electronic inspection without fee
  • Annual Report including Audited Financial Statements for FY2026 was considered as read
  • No material qualifications, observations or adverse remarks were noted in Statutory Auditors' and Secretarial Auditors' reports
  • Business highlights and updates for FY2026 were presented by Mr. Rajesh Vrajlal Khakhar
  • Registered speaker shareholders were allowed to ask questions and express views

Compliance Statements

  • Conducted in compliance with Companies Act, 2013
  • Compliant with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Followed circulars issued by Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI)
  • Voting results and Scrutinizer's Report will be disseminated to Stock Exchanges and placed on company website
  • Full proceedings will be available on company website: https://www.laxmidentallimited.com/