Event Overview

Laxmipati Engineering Works Limited held its 15th Annual General Meeting (AGM) on Friday, July 17, 2026 at 11:00 A.M. IST through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting was conducted in accordance with circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

Meeting Duration and Attendance

The AGM commenced at 11:00 A.M. and concluded at 11:24 A.M., lasting 24 minutes. There were 15 shareholders present through video conference. The meeting had requisite quorum present.

Attendees and Roles

The following individuals attended the meeting:

  • Mr. Sanjaykumar Govindprasad Sarawagi: Chairman and Executive Director
  • Mr. Manoj Govindprasad Sarawagi: Executive Director
  • Mr. Rakesh Govindprasad Sarawagi: Executive Director
  • Mr. Ashok Varshney: Independent Director
  • Ms. Sheetal Tayal: Independent Director
  • Mr. Amitkumar Vijaykumarji Khemani: Independent Director
  • Mr. Mustufa M Haji: Chief Financial Officer
  • Mr. Amit Khandelwal: Manager
  • Mr. Raunaq Kankaria: Statutory Auditor
  • Mr. Ranjit Kejriwal: Scrutinizer and Secretarial Auditor
  • Ms. Payu Bhardwaj: Company Secretary & Compliance Officer (ACS No: 79654)

Meeting Proceedings

Ms. Payu Bhardwaj welcomed the members and attendees. The Company Secretary introduced the Directors, Key Managerial Personnel (KMP), and Auditors present at the meeting.

The Chairman, Mr. Sanjaykumar Govindprasad Sarawagi, informed members that the Annual Report for FY 2025-26 had been circulated to all members via email.

Mr. Amit Khandelwal, Manager, presented the operational and financial performance of the Company for the Financial Year 2025-26. He addressed queries received from members via email prior to the AGM, responding to each query individually and calling out the names of the respective members who had raised them.

Voting Arrangements

Mr. Ranjit Binod Kejriwal (Membership No. F6116), Practicing Company Secretary, was appointed as Scrutinizer to scrutinize votes cast through the remote e-voting platform and electronic voting at the AGM.

The e-voting platform was open from Tuesday, July 14, 2026 at 9:00 A.M. to Thursday, July 16, 2026 at 5:00 P.M. The platform remained open for 15 minutes after the conclusion of the AGM to allow members to cast their votes, after which the vote counting process commenced.

Business Transacted

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements of the company for the financial year ended March 31, 2026 together with the report of the Board of Directors & Auditors thereon.

2. To appoint a Director in place of Mr. Rakesh Govindprasad Sarawagi, Executive Director (DIN: 00005665), liable to retire by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, seeks re-appointment.

Special Business:

3. To consider and approve enhancement in Borrowing limits of the Company under section 180(1)(c) of the Companies Act, 2013.