Meeting Details

The 63rd Annual General Meeting was held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) on Friday, 24th July 2026. The meeting commenced at 2:45 PM IST and concluded at 3:29 PM IST. The deemed venue was the LMW Corporate Office situated at 'Lakshmi', 34-A Kamaraj Road, Coimbatore – 641018, Tamil Nadu.

Attendees

Directors Present:

1. Sri Sanjay Jayavarthanavelu - Chairman and Managing Director, and Chairman of the Corporate Social Responsibility Committee (Coimbatore)

2. Sri Aroon Raman - Independent Director & Chairman of the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee and Risk Management Committee (Bengaluru)

3. Sri Venkataramani Anantharamakrishnan - Independent Director (Chennai)

4. Dr Deepali Pant Joshi - Independent Woman Director (Coimbatore)

5. Sri Jaidev Jayavarthanavelu - Non-Executive Director (Coimbatore)

6. Sri M Sankar - Director Operations (Coimbatore)

7. Sri Arun Alagappan - Independent Director (Pallathur)

8. Smt Pushya Sitaraman - Independent Woman Director (Chennai)

In Attendance:

9. Sri C R Shivkumaran - Company Secretary & Compliance Officer (Coimbatore)

In Presence:

10. Sri V. Senthil - Chief Financial Officer (Coimbatore)

11. Sri B. Krishnamoorthi - Statutory Auditors (Coimbatore)

12. Sri M. D. Selvaraj - Secretarial Auditors & Scrutiniser (Coimbatore)

Sri S Pathy, Non-Executive Director, was absent due to pre-occupation.

Member Attendance:

A total of 45 members were present, clubbed based on PAN numbers:

  • Promoter/Promoter Group: 21
  • Public: 24

Summary of Proposed Resolutions

The following ten resolutions, as per the notice dated 20th May 2026, were put to vote:

| Item No. | Resolution Details | Resolution Type |

| 1 | Adoption of the audited standalone and consolidated financial statements for the financial year ended 31st March 2026, along with reports of the Board of Directors and the Auditors. | Ordinary |

| 2 | Declaration of Dividend for the financial year ended 31st March 2026. | Ordinary |

| 3 | Re-appointment of Sri M Sankar (DIN: 10362673) as a Director on retirement by rotation. | Ordinary |

| 4 | Appointment of M/s.Brahmayya & Co., Chartered Accountants, as the Statutory Auditors of the Company for the first term of 5 consecutive financial years. | Ordinary |

| 5 | Re-appointment of Sri Sanjay Jayavarthanavelu (DIN: 00004505) as Managing Director of the Company. | Special |

| 6 | Re-appointment of Sri M Sankar (DIN: 10362673) as Whole-time Director (designated as Director Operations) of the Company. | Special |

| 7 | Re-appointment of Sri Aroon Raman (DIN:00201205) as an Independent Director of the Company. | Special |

| 8 | Appointment of Sri Narayanan Vellayan (DIN: 07774406) as an Independent Director of the Company. | Special |

| 9 | Ratification of remuneration payable to Sri A N Raman (Membership No: 5359), Cost Auditor of the Company, for the financial year 2026-27. | Ordinary |

| 10 | Approval for entering into material related party transactions with Lakshmi Electrical Control Systems Limited. | Ordinary |

Voting Process and Methods

The voting process was conducted as follows:

  • Remote E-Voting: The facility was provided via the NSDL e-voting platform from Tuesday, 21st July 2026 (9:00 AM IST) to Thursday, 23rd July 2026 (5:00 PM IST).
  • E-Voting at the Meeting: Members present at the AGM who had not cast their votes remotely were given a 15-minute window after the meeting concluded to vote on the NSDL platform.
  • There was no voting by show of hands.
  • Sri M.D. Selvaraj, Managing Partner of MDS & Associates LLP, was appointed as the Scrutinizer to oversee the remote e-voting and e-voting process in a fair and transparent manner.

Key Voting Outcomes and Scrutinizer's Role

The document states that the results of the voting, combining both remote e-voting and e-voting during the meeting, were to be declared not later than two working days from the conclusion of the AGM (24th July 2026). The consolidated Scrutinizer's Report was to be placed on the Company's website and the NSDL website. The results were also to be intimated to the Stock Exchanges. The resolutions were deemed to be passed on the date of the AGM, subject to the receipt of the requisite number of votes. Specific vote counts or percentages are not provided in this proceeding document.

Compliance Confirmation

The meeting was conducted in compliance with the framework issued by the Ministry of Corporate Affairs and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The requirement of quorum was satisfied as per Section 103 of the Companies Act, 2013, with member participation through VC/OAVM being reckoned for quorum. Statutory Registers were made available electronically for inspection by members during the AGM.

Dividend Information

Subject to the passing of Resolution No. 2, the dividend was scheduled for distribution on 12th August 2026 through HDFC Bank via electronic mode only, as mandated by SEBI LODR amendments effective 18th November 2025. Dividend warrants in physical mode were discontinued. Shareholders were advised to ensure their bank account details were registered with the Company or their Depository Participants to receive the dividend directly into their bank accounts after deduction of tax at source.