Annual General Meeting Details

The 34th Annual General Meeting of Lesha Industries Limited is scheduled to be held on Friday, September 18, 2026 at 03:30 P.M. IST through Video Conferencing/Other Audio-Visual Means. The meeting will be conducted in compliance with MCA and SEBI circulars.

Business to be Transacted

Ordinary Business:

1. Adoption of Financial Statements: To consider and adopt audited financial statements for year ended March 31, 2026 together with reports of Board of Directors and statutory auditors.

2. Re-appointment of Director: To appoint Mr. Ashok Chinubhai Shah (DIN: 02467830) who retires by rotation and is eligible for re-appointment.

3. Appointment of Statutory Auditors: To appoint M/s Khimani & Co., Chartered Accountants (Firm Reg. No. 0130022W) as statutory auditors for 5 years from conclusion of 34th AGM until 39th AGM in 2031.

Special Business (Items 4-8):

Approval for entering into material Related Party Transactions with the following entities for aggregate value not exceeding ₹150 crore during FY 2027-28:

  • Rhetan TMT Limited
  • Ashnisha Industries Limited
  • Ashoka Metcast Limited
  • Gujarat Natural Resources Limited
  • Lesha Ventures Private Limited

Transactions will include sale/purchase of goods, rendering of services, transfer of resources, and availing/advancing borrowings/inter-corporate loans/advances on arm's length basis in ordinary course of business.

Financial Performance Highlights FY 2025-26

  • Total Income: ₹474.13 lakh (Previous year: ₹1,245.54 lakh)
  • Net Profit: ₹13.85 lakh (Previous year: ₹45.21 lakh)
  • Other Income: ₹41.82 lakh
  • Profit before Tax: ₹21.55 lakh
  • Current Tax: ₹6.57 lakh
  • Earnings Per Share: ₹0.005 (Previous year: ₹0.02)
  • Reserves & Surplus: ₹4,571.76 lakh (Previous year: ₹4,557.91 lakh)

Share Capital Structure

  • Authorized Share Capital: ₹30,00,00,000 divided into 30,00,00,000 equity shares of ₹1 each
  • Paid-up Share Capital: ₹28,45,16,545 consisting of 28,45,16,545 equity shares of ₹1 each
  • No dividend declared during the year

Board Composition and Changes

Directors as on March 31, 2026:

1. Mrs. Leena A. Shah - Managing Director (DIN: 02629934)

2. Mr. Shalin A. Shah - Director (DIN: 00297447)

3. Mr. Ashok C. Shah - Director (DIN: 02467830)

4. Mr. Swapnil S. Shimpi - Independent Director (DIN: 10469352)

5. Mr. Kunjan Rathod - Independent Director (DIN: 10964701) - appointed w.e.f November 05, 2025

6. Mr. Yash Chaudhary - Independent Director (DIN: 10530036) - appointed w.e.f November 05, 2025

Key Managerial Personnel:

  • Mrs. Payal Donga - Chief Financial Officer
  • Ms. Priyanshi Sharma - Company Secretary & Compliance Officer (w.e.f June 19, 2026)
  • Ms. Maitri Kansara - Company Secretary & Compliance Officer (upto April 10, 2026)

Auditor Appointments

Statutory Auditors:

M/s. Keyur Bavishi & Co., Chartered Accountants complete their 5-year term at conclusion of 34th AGM. Based on Audit Committee recommendation, M/s Khimani & Co., Chartered Accountants are proposed for appointment for 5 years from 34th AGM to 39th AGM.

Secretarial Auditor:

Mr. Chintan K. Patel, Practicing Company Secretary was appointed for 5 years from FY 2025-26 to 2029-30 based on shareholder approval in 33rd AGM.

Related Party Transactions

Previous Year Transactions (FY 2025-26):

  • Rhetan TMT Limited: Sale of goods ₹547.48 lakh, closing balance ₹183.57 lakh
  • Gujarat Natural Resources Limited: Amount payable ₹7.00 lakh
  • Ashoka Metcast Limited: Loan granted ₹61.72 lakh
  • Ashnisha Industries Limited: Sale of services ₹12.00 lakh, loan granted ₹2.70 lakh

Proposed Transactions (FY 2027-28):

Omnibus approval sought for transactions up to ₹150 crore with each related party, representing approximately 3163.64% of company's annual consolidated turnover.

Corporate Governance

  • Board met 9 times during FY 2025-26
  • Committees constituted: Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee
  • No complaints received under vigil mechanism/whistle blower policy
  • No complaints of sexual harassment received

Important Dates

  • Book Closure: September 12, 2026 to September 18, 2026 (both days inclusive)
  • E-voting Period: September 15, 2026 (9:00 AM) to September 17, 2026 (5:00 PM)
  • Cut-off Date: September 11, 2026