LS Industries Limited

Meeting Details

The 32nd Annual General Meeting was originally scheduled for 30.09.2026 but was adjourned due to lack of quorum as per Section 103 of the Companies Act, 2013.

The adjourned AGM was held on 07.10.2026 at 11:30 AM (IST) at the company's Registered Office at Village Bairsen P.O-Manjholi, Tehsil-Nalagarh, Solan, Himachal Pradesh-174101, India.

The meeting commenced at 11:30 AM and concluded at 01:30 PM.

Attendance and Quorum

Mr. Nipun Goyal, Managing Director (DIN-02853571) chaired the meeting.

As per Section 103(3) of the Companies Act, 2013, the members present at the adjourned meeting constituted the quorum.

Documents Considered

The Notice dated 05.09.2026 convening the original AGM, Audited Financial Statements for FY 2025-26 ending 31.03.2026, along with Reports of the Board of Directors and Auditors were taken as read with members' consent.

The Chairperson informed that the Statutory Auditors' Report and Secretarial Audit Report in Form MR-3 contained qualifications/observations/remarks. These reports were taken as read, and the qualifications/observations along with Management reply/Board's explanation from the Board's Report were read out and noted.

Business Not Taken Up

Item No. 2: Appointment of Director in place of Mr. Naveen Kumar Gupta (DIN-11023859) who retires by rotation was not taken up for voting.

This became infructuous as Mr. Gupta had submitted his resignation via letter dated 10.09.2026 with effective date 01.10.2026, which was duly intimated to the Stock Exchange under Regulation 30 on 10.09.2026. He ceased to be director effective 01.10.2026, prior to the adjourned AGM date.

The vacancy will be dealt with as per applicable provisions.

Voting Process

The company had provided remote e-voting facility for the original AGM scheduled on 30.09.2026 during the period from 27.09.2026 at 09:00 AM to 29.09.2026 at 05:00 PM in compliance with Section 108 of the Companies Act, 2013.

As per Section 103 of the Companies Act, 2013 read with Secretarial Standard-2, the remote e-voting cast for the original meeting remained valid for the adjourned meeting.

Members present at the adjourned meeting who had not cast remote e-votes were entitled to vote through Poll/Ballot Paper at the venue.

The Scrutinizer showed the empty Ballot Box to members, locked and sealed it in their presence, distributed Ballot Papers, and after voting, sealed the Ballot Box in the Scrutinizer's presence.

Business Transacted

Ordinary Business:
  • Item No. 1: To receive, consider and adopt the Audited Financial Statements for FY ended 31.03.2026 with Reports of Board of Directors and Auditors (Ordinary Resolution)
  • Item No. 3: To re-appoint M/s. Bhakoo & co., Chartered Accountants (firm registration no. 022641N) as statutory auditors and fix their remuneration (Ordinary Resolution)
Special Business:
  • Item No. 4: To adopt a new set of Memorandum of Association (Special Resolution)
  • Item No. 5: To adopt a new set of Articles of Association (Special Resolution)
  • Item No. 6: To approve under section 185 of the Companies Act, 2013 (Special Resolution)
  • Item No. 7: To make equity investment(s) in addition to loan in excess of prescribed limits under section 186 of the Companies Act, 2013 (Special Resolution)

Post-Meeting Compliance

The voting results along with Consolidated Scrutinizer's Report pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 & 21 of the Companies (Management and Administration) Rules, 2014 will be disseminated to the Stock Exchange and placed on the company's website and CDSL website within 2 working days from meeting conclusion.