In compliance with Regulation 30 read with Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015, please find enclosed the summary of the proceedings of the 40th Annual General ....
Awaiting price reaction for this filing.
Linaks Microelectronics held its 40th AGM on September 30, 2025, via video conferencing from 3:00 PM to 3:28 PM. The Chairman, Mr. Shashi Shekhar Mishra, noted that the company has recently emerged from IBC (Insolvency and Bankruptcy Code) proceedings and stated that the management is focused on stabilizing operations, improving cash flows, and building a profitable, growth-oriented organization. Shareholders approved six resolutions: adoption of audited financials for FY ended March 31, 2025; re-appointment of Mrs. Urvashi Mishra (Director, retires by rotation); appointment of M/s R S J B & Associates as Statutory Auditors for five years (till FY 2030-31); change in designation of Mr. Shashi Shekhar Mishra from Director to Managing Director for five years; and appointment of Mr. Prakash Chandra Srivastava and Ms. Komilla Singh as Non-Executive Independent Directors for five years each. No dividend was declared, with the Board indicating dividends will only be considered once profitability is consistent.
Post-IBC turnaround phase continues with a strengthened board and a new Managing Director in place, signaling management's intent to drive recovery. The absence of a dividend and explicit focus on operational stabilization suggests shareholders should not expect near-term income returns; stock-price impact will depend on whether the company can deliver on its turnaround and growth commitments.