Meeting Details

  • Date: Friday, September 25, 2026
  • Time: 11:00 A.M. to 12:30 P.M. (IST)
  • Location: Conducted through Video Conferencing/Other Audio-Visual Means (OAVM)
  • Type: 31st Annual General Meeting
  • Cut-off date: September 18, 2026 for shareholder eligibility

Proposed Resolutions and Implications

The AGM considered seven resolutions:

Ordinary Business:

1. Receipt, consideration, and adoption of: (a) Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors, and (b) Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors

2. Declaration of final dividend of ₹2.00 per Equity Share (100% of face value of ₹2.00 each) for FY 2025-26

3. Re-appointment of Mr. Rahul Kumar Todi (DIN: 00054279) as Director retiring by rotation

4. Re-appointment of Mr. Saket Todi (DIN: 02821380) as Director retiring by rotation

Special Business:

5. Re-appointment of Mr. Sadhu Ram Bansal (DIN: 06471984) as Independent Director for second term of 5 consecutive years

6. Re-appointment of Mrs. Shashi Sharma (DIN: 02904948) as Independent Director for second term of 5 consecutive years

7. Re-appointment of Mr. Kumud Chandra Paricha Patnaik (DIN: 09696281) as Independent Director for second term of 5 consecutive years

Voting Process and Methods

  • Remote e-voting: Available from Monday, September 21, 2026 (9:00 A.M. IST) to Thursday, September 24, 2026 (5:00 P.M. IST) via KFin Technologies Private Limited platform
  • E-voting during AGM: Facility available through Instapoll for members who hadn't voted remotely
  • Scrutinizer: Mr. Mohan Ram Goenka, Partner of MR & Associates, Practicing Company Secretaries, Kolkata
  • Voting system: Electronic voting system provided by KFin Technologies Private Limited

Key Voting Outcomes

Overall Participation:

  • Total members who voted: 189
  • Remote e-voting: 184 members
  • Instapoll e-voting at AGM: 5 members

Resolution-wise Results:

Item 1 - Ordinary Resolution (Adoption of Financial Statements):

  • Total votes: 23,902,247
  • Votes in favor: 23,902,023 (99.9991%)
  • Votes against: 224 (0.0009%)
  • Abstain/Invalid: 1,431 votes

Item 2 - Ordinary Resolution (Final Dividend Declaration):

  • Total votes: 23,903,462
  • Votes in favor: 23,903,238 (99.9991%)
  • Votes against: 224 (0.0009%)
  • Abstain/Invalid: 216 votes

Item 3 - Ordinary Resolution (Re-appointment of Rahul Kumar Todi):

  • Total votes: 23,442,808
  • Votes in favor: 23,442,578 (99.9990%)
  • Votes against: 230 (0.0010%)
  • Abstain/Invalid: 460,870 votes

Item 4 - Ordinary Resolution (Re-appointment of Saket Todi):

  • Total votes: 23,108,585
  • Votes in favor: 23,108,355 (99.9990%)
  • Votes against: 230 (0.0010%)
  • Abstain/Invalid: 795,093 votes

Item 5 - Special Resolution (Re-appointment of Sadhu Ram Bansal):

  • Total votes: 23,903,461
  • Votes in favor: 23,903,152 (99.9987%)
  • Votes against: 309 (0.0013%)
  • Abstain/Invalid: 217 votes

Item 6 - Special Resolution (Re-appointment of Shashi Sharma):

  • Total votes: 23,903,461
  • Votes in favor: 23,903,152 (99.9987%)
  • Votes against: 309 (0.0013%)
  • Abstain/Invalid: 217 votes

Item 7 - Special Resolution (Re-appointment of Kumud Chandra Paricha Patnaik):

  • Total votes: 23,903,461
  • Votes in favor: 23,903,146 (99.9987%)
  • Votes against: 315 (0.0013%)
  • Abstain/Invalid: 217 votes

Scrutinizer's Role and Findings

Mr. Mohan Ram Goenka of MR & Associates was appointed scrutinizer to ensure fair and transparent voting process. His responsibilities included:

  • Scrutinizing both remote e-voting and e-voting through Instapoll at AGM
  • Verifying votes cast "for" or "against" each resolution based on reports from KFintech's e-voting system
  • Maintaining all relevant records/electronic data under safe custody until handed over to Chairman/Company Secretary
  • Certifying that all resolutions passed with requisite majority

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

  • Companies Act, 2013 and Rules made thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars: General Circular Nos. 14/2020, 17/2020, 20/2020, 10/2022, 09/2023, 09/2024, and 03/2025
  • SEBI Circulars: dated May 12, 2020, January 15, 2021, May 13, 2022, January 05, 2023, October 07, 2023, and October 03, 2024
  • Rule 20 of the Companies (Management and Administration) Rules, 2014

Additional Information

  • Quorum: 72 members attended the meeting
  • Management highlighted FY26 revenue of ₹2,900 crores (14% growth)
  • Discussed future plans including demerger of Vertical A Business into Lux and Cozi Limited and Vertical C Business into Lux Global Limited
  • New manufacturing facility planned at Dankuni, West Bengal (12 lakh sq. ft. expansion)
  • Partnership with Reebok for premium category expansion
  • All statutory registers and relevant documents were available for electronic inspection by members