Ladam Affordable Housing Limited submits 46th Annual Report for the Financial year ended 31st March, 2025.
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Ladam Affordable Housing Ltd has submitted its 46th Annual Report for FY 2024-25 to BSE (Scrip Code: 540026) along with the notice for its 46th Annual General Meeting scheduled for Thursday, September 18, 2025 at 3:30 PM via video conferencing. The Register of Members and Share Transfer Books will be closed from September 12 to September 18, 2025, with the cut-off date for e-voting eligibility set as September 11, 2025; e-voting runs from September 15 (9:00 AM) to September 17 (2025 at 5:00 PM). Ordinary business includes adoption of audited standalone and consolidated financial statements and the rotational reappointment of Mr. Sumesh Aggarwal as Director. Special business includes seeking shareholder approval for unsecured loans of up to Rs. 25 lakhs to Ladam Steels Ltd and Rs. 5 lakhs each to Ladam Flora Pvt Ltd, Ladam Foods Pvt Ltd, Spearhead Metals and Alloys Ltd, and Lacon India Ltd (all related parties), as these transactions exceed the 10% of consolidated turnover materiality threshold under SEBI LODR. The meeting will also seek approval to appoint Mr. Vinayak Ganesh Phadke (age 82) as Non-Executive Independent Director for five years (2025-2030) and to appoint M/s. Ashita Kaul & Associates as Secretarial Auditor for five consecutive years from FY 2025-26 to FY 2029-30.
Shareholders should review the multiple related-party loan proposals (totalling up to Rs. 45 lakhs) carefully, as the recipient companies are described as non-profit making and depend on the listed entity for working capital. The appointment of an 82-year-old Independent Director requires special resolution approval, and eligible shareholders should exercise their e-voting rights between September 15-17, 2025.