Company Overview

Security ID: LAKSELEC

Financial Performance Highlights (FY 2025-2026)

  • Revenue from operations: ₹23,758.05 lakhs (Previous year: ₹21,231.22 lakhs)
  • Other Income: ₹488.93 lakhs (Previous year: ₹554.00 lakhs)
  • Profit before Interest, Depreciation and Amortization: ₹599.08 lakhs (Previous year: ₹1,037.25 lakhs)
  • Profit before Tax: ₹145.22 lakhs (Previous year: ₹618.79 lakhs)
  • Profit after Tax: ₹118.70 lakhs (Previous year: ₹347.23 lakhs)
  • Exceptional Items: ₹1.74 lakhs (incremental contribution to Group Gratuity)

Segment-wise Performance

  • Electricals Segment: Revenue of ₹20,316.43 lakhs (Previous year: ₹18,614.75 lakhs)
  • Plastics Segment: Revenue of ₹3,589.60 lakhs (Previous year: ₹2,682.48 lakhs)
  • Wind Power Generation: Revenue of ₹81.62 lakhs

Dividend Declaration

  • Board recommended 30% dividend of ₹3.00 per equity share of face value ₹10 each
  • Total dividend amount: ₹73.74 lakhs on equity share capital of ₹245.80 lakhs
  • Dividend subject to approval at AGM, payable to shareholders on record as of July 24, 2026

Annual General Meeting Details

  • Date: Friday, July 31, 2026
  • Time: 09:45 AM IST
  • Venue: Nani Kalai Arangam, Mani Higher Secondary School, Pappanaickenpalayam, Coimbatore - 641037
  • Book Closure: July 25, 2026 to July 31, 2026 (both days inclusive)

Agenda Items for AGM

Ordinary Business

1. Adoption of Annual Financial Statements for FY 2025-2026

2. Declaration of dividend for FY 2025-2026

3. Re-appointment of Sri. D. Senthilkumar (DIN: 00006172) as director retiring by rotation

4. Appointment of M/s. NRD Associates, Chartered Accountants as Statutory Auditors for 5 years (FY 2026-2027 to 2030-2031) at remuneration of ₹3,50,000 for first year

Special Business

5. Ratification of remuneration of ₹40,000 for Cost Auditor Sri. S. Subbaraman for FY 2026-2027

6. Approval of material related party transactions with LMW Limited for up to ₹450 crores until next AGM

7. Approval of material related party transactions with Lakshmi Precision Technologies Limited for up to ₹100 crores until next AGM

8. Amendment of Articles of Association (Article 84) regarding board appointments

Key Corporate Changes

  • Second Unit: Shifted and commenced operations at new leased premises at Neelambur Village, Coimbatore from April 11, 2025
  • Director Changes:
  • Sri. Sudesh Koti Reddy appointed as Independent Director from June 5, 2025
  • Sri. Vedhanth Senthilkumar appointed as Non-Executive Non-Independent Director from June 5, 2025
  • Sri. Sanjay Jayavarthanavelu retired as Director on August 25, 2025

Auditor Changes

  • M/s. Subbachar & Srinivasan (Firm Registration No. 004083S) completing their second term and not eligible for re-appointment
  • M/s. NRD Associates (Firm Registration No. 005662S) proposed as new statutory auditors
  • Secretarial Auditor: M/s. MDS & Associates LLP
  • Internal Auditor: Sri. V.C. Thirupathi of Tirupathi Associates

Related Party Transactions

LMW Limited (₹450 crores limit)

  • FY 2025-2026 transactions: Purchases ₹10.91 crores, Sales ₹193.95 crores
  • Represents 189.41% of company's annual consolidated turnover
  • LMW holds 25.28% shareholding through promoter group

Lakshmi Precision Technologies Limited (₹100 crores limit)

  • FY 2025-2026 transactions: Purchases ₹8.67 crores, Sales ₹0.15 crores, Services ₹0.36 crores
  • Represents 42.09% of company's annual consolidated turnover

Capital Structure

  • Paid-up Share Capital: ₹245.80 lakhs (24,58,000 equity shares of ₹10 each)
  • Promoter Holding: 36.13% (8,88,198 shares)
  • Dematerialized Shares: 98.03% of total paid-up capital

Key Ratios

  • Debtors Turnover Ratio: 4.75 (Previous: 3.57)
  • Inventory Turnover Ratio: 6.52 (Previous: 6.87)
  • Interest Coverage Ratio: 2.70 (Previous: 11.82)
  • Current Ratio: 1.74 (Previous: 2.16)
  • Debt Equity Ratio: 0.06 (Previous: 0.03)
  • Return on Net Worth: 0.47% (Previous: 1.22%)

Corporate Governance

  • Board met 5 times during FY 2025-2026
  • All committees (Audit, Nomination & Remuneration, Stakeholders Relationship) functional
  • Whistle Blower Policy implemented, no complaints received during the year

Risk Factors Identified

  • Raw material price volatility due to inflation and global supply chain issues
  • Geopolitical crises affecting operations
  • Retention of skilled technical personnel
  • Increased manpower costs

Investor Services

  • Registrar & Share Transfer Agent: M/s. MUFG Intime India Private Limited
  • Shares in physical form cannot be transferred except for transmission/transposition
  • IEPF campaign 'Saksham Niveshak' from April 1, 2026 to July 9, 2026 for unclaimed dividends

Voting Arrangements

  • Remote e-voting through NSDL from July 28, 2026 (9:00 AM) to July 30, 2026 (5:00 PM)
  • Physical voting at AGM venue
  • Scrutinizer: Sri. B. Krishnamoorthi, Chartered Accountant

Other Disclosures

  • CSR Expenditure: ₹28.50 lakhs spent on healthcare promotion
  • Employee Strength: 202 permanent employees
  • Plant Locations: Arasur, Coimbatore; Neelambur Village, Coimbatore; Palladam, Tirupur District
  • Bankers: Indian Bank, HDFC Bank Ltd

#Tags: #LakshmiElectricalControlSystems #AnnualReport #SEBIDisclosure #Dividend #RelatedPartyTransactions #RegulatoryCompliance #FinancialResults #Neutral