Submission of 40th AGM minutes held on September 25, 2025.
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India Lease Development submitted the minutes of its 40th AGM, held on September 25, 2025 via video conferencing, with 196 members participating. All 8 resolutions were passed with the requisite majority, including adoption of the standalone audited financial statements for FY ending March 31, 2025, re-appointment of directors Sh. Rajiv Gupta and Ms. Sumana Verma (both retiring by rotation), and authorization for the Board to fix the remuneration of statutory auditors M/s Jagdish Chand & Co for FY 2025-26. Shareholders also approved the re-appointment of Shri Karun Pratap Hoon as Independent Director for a second 5-year term (Nov 19, 2025 to Nov 18, 2030) and the appointment of M/s Anjali Yadav & Associates as Secretarial Auditor for five consecutive years (FY 2025-26 to FY 2029-30). Additionally, related party transactions of up to ₹2 crore with The Motor & General Finance Limited and up to ₹1 crore with Ram Prakash & Company Private Limited for FY 2025-26 were approved. The Chairman noted that the company is evaluating different alternatives for better future prospects and maximising shareholder wealth.
This is a routine regulatory filing confirming shareholder approvals already disclosed. No major surprises — all resolutions passed comfortably with very few votes against. The approved related party transactions cap at ₹3 crore combined for FY 2025-26, and director/auditor continuity is maintained, suggesting stability with no strategic shifts signalled.