Amendment to Articles of Association
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 2.8 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Lakshmi Electrical Control Systems reported FY2026 revenue of Rs 237.58 crore, up 11.9% from Rs 212.31 crore in FY2025. However, profit after tax fell sharply to Rs 1.19 crore from Rs 3.47 crore in the previous year—a decline of about 66%. EPS dropped to Rs 4.83 per share from Rs 14.12. The Board recommended a dividend of Rs 3 per share (30%). The company also announced a mandatory change of statutory auditors from Subbachar & Srinivasan to NRD Associates after completing two five-year terms under Companies Act 2013. An amendment to Article 84 of the Articles of Association regarding director appointment and remuneration was approved, pending shareholder approval.
The sharp profit decline despite revenue growth signals margin compression—EBITDA margin fell from ~4.6% to ~2.5%—which is concerning for shareholders. The dividend recommendation provides some support, but the significant drop in profitability may weigh on the stock price near-term.