Pursuant to the provisions of SEBI (LODR) Regulations, 2015, we hereby submit the intimation towards the Annual General Meeting of the Company scheduled to be held on Tuesday, 30th September 2025
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Lactose (India) Limited will hold its 34th Annual General Meeting on Tuesday, 30th September 2025 at 12:00 noon via video conferencing. The cut-off date for e-voting eligibility is 23rd September 2025, with remote e-voting open from 27th September (9:00 AM) to 29th September (5:00 PM). Share transfer books will remain closed from 24th to 30th September 2025. Key items on the agenda include adoption of FY25 audited financials, re-appointment of Whole Time Director Sangita Maheshwari (who holds 38,68,951 shares), appointment of M/s. D M K H & Co. as Statutory Auditors for 5 years, regularization of Mr. Kishor Patel as Independent Director (till August 2030), and ratification of Cost Auditors M/s. Kirit Mehta & Co. for FY26. A special resolution seeks shareholder approval for a related party transaction of up to Rs. 1 crore per annum towards salary for Mr. Yashvardhan Maheshwari (son of Key Managerial Personnel) from April 2025 to March 2028.
Shareholders cannot trade shares between 24th and 30th September 2025 due to book closure, and must hold shares by 23rd September to be eligible to vote. The agenda items are largely routine, but the related party salary approval of Rs. 1 crore per annum for the promoter family's son is worth watching. No dividend has been recommended for FY25, and net profit declined to Rs. 516.29 lakhs from Rs. 678.90 lakhs despite a modest revenue rise to Rs. 11,785.32 lakhs.