JK Lakshmi Cement Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
JKLAKSHMI · price
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JK Lakshmi Cement held its 85th AGM on September 26, 2025, chaired by Mrs. Vinita Singhania (Chairperson & MD), conducted via video conference. Shareholders approved the audited standalone and consolidated financial statements for FY ended March 31, 2025, and declared a dividend of ₹6.50 per equity share (130%) for FY25. A new statutory auditor, M/s Lodha & Co LLP, was appointed for a five-year term until the 90th AGM, replacing the previous auditor. Several board changes were approved, including the appointment of Mr. Shrivats Singhania as Deputy Managing Director and Mr. Vimal Bhandari as Independent Director, and the re-appointment of Mr. Arun Kumar Shukla (President & Director) and Mr. Sadhu Ram Bansal (Independent Director). The statutory and secretarial auditors gave clean reports with no qualifications, and the e-voting results are awaited within two working days.
Positive for shareholders — the company declared a healthy 130% dividend (₹6.50/share) and received clean audit reports, signaling financial stability. New leadership appointments including Shrivats Singhania as Deputy MD suggest continuity in the promoter family's management, while the change to Lodha & Co LLP as statutory auditor is a routine governance update. No negative signals were evident from the proceedings.