Proceedings and voting Results of the 20th Annual General Meeting (AGM) of Lakhotia Polyesters (India) Limited held on Tuesday September 23, 2025
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Lakhotia Polyesters held its 20th AGM on September 23, 2025, via video conferencing from 3:30 p.m. to 3:56 p.m. The meeting was chaired by Managing Director Mr. Madhusudan Lakhotiya, with 10 members attending via VC (2 promoters, 8 public) out of 801 total shareholders on record. Five ordinary resolutions were passed with 100% approval from all 35,49,438 valid votes cast (33.89% of total 1,04,73,988 shares). These covered adoption of FY25 audited financials, re-appointment of Executive Director Mrs. Jayshri Lakhotiya (retiring by rotation), revision in remuneration for both Mr. Madhusudan Lakhotiya (MD) and Mrs. Jayshri Lakhotiya (ED), and appointment of Mr. Rohit S. Kasat as Secretarial Auditor. Zero votes were cast against any resolution.
All resolutions passed unanimously, indicating strong promoter control and no public dissent. Shareholders should note the revised remuneration for the MD and ED, which will affect future expense lines. The low voting turnout (~34% of shares) is typical for small-cap companies with concentrated promoter holding.