The AGM was duly held on Wednesday, August 26, 2026, at 10:00 AM IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was conducted in accordance with Section 96 and 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, Regulation 44 of the SEBI LODR Regulations, and relevant MCA and SEBI circulars.

Directors and Officials Present

The following Directors were present:

  • Mr. B. Vijayakumar (DIN: 00015583), Executive Chairman
  • Mr. P. Prabakaran (DIN: 01709564), Managing Director
  • Mr. G. D. Rajkumar (DIN: 00197696), Independent Director and Chairman of the Audit Committee
  • Dr. Vinay Balaji Naidu (DIN: 09232643), Independent Director and Chairman of the Nomination and Remuneration Committee
  • Ms. Kanchana Manavalan (DIN: 07497403), Independent Director and Chairman of the Stakeholders Relationship Committee
  • Smt. Sadhana Vidhya Shankar (DIN: 10753375), Independent Director
  • Mrs. Rajsri Vijayakumar (DIN: 00018244), Non-Executive Director
  • Mr. S. Sivakumar (DIN: 00016040), Non-Executive Director

Also in attendance were:

  • Mr. N Rengaraj, Chief Financial Officer
  • Mr. M. Lakshmikanth Joshi, Senior General Manager (Legal) and Company Secretary
  • Mr. G. Rengarajan, Partner of M/s. Suri & Co., Chartered Accountants (Statutory Auditors)
  • Mr. M. D. Selvaraj, Managing Partner of M/s. MDS & Associates LLP, Company Secretaries (Secretarial Auditors and Scrutinizer)

A total of 102 members, representing 1,19,65,545 equity shares, attended the meeting.

Meeting Proceedings

Mr. B. Vijayakumar, Executive Chairman, presided over the meeting. The notice of the AGM and the Annual Report for the year ended March 31, 2026, were taken as read. The reports of the Statutory Auditors and Secretarial Auditors were also taken as read as they contained no qualifications, comments, or remarks.

There were 23 registered speaker shareholders. A question and answer session was held, with queries answered by Mr. P. Prabakaran (Managing Director), Mr. Rajiv Parthasarathy (Executive Director), and Mr. N. Rengaraj (CFO). No queries were received through the chat box.

Remote e-voting was conducted via CDSL, commencing on August 23, 2026, at 9:00 AM IST and ending on August 25, 2026, at 5:00 PM IST. Shareholders present at the AGM who had not voted remotely were given an additional 15 minutes to vote electronically during the meeting. Mr. M. D. Selvaraj was appointed as the Scrutinizer to oversee the voting process.

The results of the voting are to be declared within the prescribed time. The consolidated scrutinizer's report and voting results will be submitted to CDSL (www.evotingindia.com), BSE (www.bseindia.com), NSE (www.nseindia.com), and placed on the company's website (www.lgb.co.in).

Resolutions Passed

The following ordinary and special business items, as set out in the notice dated May 02, 2026, were approved:

Ordinary Business:

1. Adoption of the audited standalone and consolidated financial statements for the year ended March 31, 2026. (Ordinary Resolution)

2. Declaration of a dividend of ₹22 per equity share for the financial year ended March 31, 2026. (Ordinary Resolution)

3. Re-appointment of Mr. B. Vijayakumar (DIN: 00015583) as a Director liable to retire by rotation. (Ordinary Resolution)

4. Re-appointment of Mrs. Rajsri Vijayakumar (DIN: 00018244) as a Director liable to retire by rotation. (Ordinary Resolution)

Special Business:

5. Approval for the continuation of Mr. S. Sivakumar (DIN: 00016040) as a Non-Executive Non-Independent Director notwithstanding his attainment of the age of 75 years. (Special Resolution)

6. Ratification of the remuneration payable to Dr. G. L. Sankaran (Membership No. 4482) as Cost Auditor for the financial year 2026-27. (Ordinary Resolution)

The meeting concluded at 12:45 PM IST.