Meeting Details
- Meeting Type: Postal Ballot with remote e-voting (no physical meeting)
- Record Date: Friday, 7th August 2026
- Voting Period: Commences Friday, 14th August 2026 at 09:00 AM IST and ends Saturday, 12th September 2026 at 05:00 PM IST
- Notice Date: 12th August 2026
Proposed Resolutions and Implications
Item No. 1: Approval for borrowing/availing loans from Mr. Jayeshkumar Chinulal Shah (Promoter and Managing Director) for an aggregate amount not exceeding ₹100 crore during FY 2026-27. This constitutes 95.87% of the company's annual consolidated turnover of ₹104.31 crore for FY 2025-26.
Item No. 2: Approval for borrowing/availing loans from Mrs. Rupalben Jayeshkumar Shah (Promoter and Whole-time Director) for an aggregate amount not exceeding ₹100 crore during FY 2026-27, also representing 95.87% of FY 2025-26 turnover.
Item No. 3: Approval for borrowing/availing loans from M/s. Goldkart Jewels Limited (Erstwhile Sona hi Sona Jewellers Limited, Promoter group entity) for an aggregate amount not exceeding ₹100 crore during FY 2026-27, representing 95.87% of FY 2025-26 turnover.
All transactions will be undertaken on an arm's length basis and in the ordinary course of business, with terms based on prevailing market prices and commercial terms. The funds are required for company operations, capital expenditure, and expansions.
Voting Process and Methods
- Voting Method: Remote e-voting only through NSDL (National Securities Depository Limited)
- No Physical Voting: Physical copies of postal ballot forms are not being sent pursuant to MCA Circulars
- Service Provider: NSDL engaged for facilitating remote e-voting
- Voting Rights: Based on paid-up value of shares as on record date (7th August 2026)
- Proxy Voting: Not permitted for postal ballot
Scrutinizer Appointment
- Scrutinizer: M/s Nirav Shah & Associates, Practicing Company Secretaries, Ahmedabad (Membership No. A39412, CP No. 27102)
- Role: To scrutinize the e-voting process in a fair and transparent manner
- Timeline: Will submit report to Chairman within 2 working days from conclusion of e-voting period
- Final Authority: Scrutinizer's decision on validity of e-voting will be final
Compliance with Laws and Regulations
The postal ballot is conducted in compliance with:
- Section 110 read with Section 108 of the Companies Act, 2013
- Rules 20 & 22 of Companies (Management and Administration) Rules, 2014
- MCA Circulars including General Circular Nos. 14/2020, 17/2020, 22/2020, 33/2020, 39/2020, 10/2021, 20/2021, 3/2022, 11/2022, 9/2023, and 9/2024
- Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Circular SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated November 22, 2021
- NSE Circular No: NSE/CML/2025/12 dated March 15, 2025
- SEBI Circular No: SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/18 dated February 14, 2025
Additional Information
Document Availability: The notice is available on company website (www.laxmigroup.co), NSDL website (www.evoting.nsdl.com), and NSE website (www.nseindia.com)
Inspection of Documents: Relevant documents available for inspection at corporate office between 11:00 AM to 1:00 PM on working days until results declaration
Investor Grievance: Email cs.laxmigold@gmail.com designated for investor complaints
Historical Transactions:
- With Mr. Jayeshkumar Shah: FY 2025-26 (₹24.54 crore loan, ₹11 crore land purchase), FY 2024-25 (₹11.31 crore loan, ₹0.12 crore interest), FY 2023-24 (₹31.36 crore loan, ₹2.90 crore goods purchase, ₹0.62 crore interest)
- With Mrs. Rupalben Shah: FY 2025-26 (₹0.18 crore rent), FY 2024-25 (₹0.02 crore rent), FY 2023-24 (₹0.05 crore loan)
Promoter Shareholding:
- Mr. Jayeshkumar Shah: 24.51%
- Mrs. Rupalben Shah: 34.69%
- Total Promoter Group: 74.97%
Related Party Financials:
- Goldkart Jewels Limited FY 2025-26 turnover: ₹117.32 crore, net worth: ₹30.74 crore, net profit: ₹3.95 crore
Voting Results: To be declared within 2 working days after voting ends and placed on company website, NSDL website, and communicated to NSE