Proceedings and Outcome of 44th Annual General Meeting held on 25.08.2025
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Lakshmi Electrical Control Systems held its 44th AGM on 25 August 2025 in Coimbatore, chaired by Smt. Nethra J.S. Kumar, with 55 members present. All 10 resolutions were passed with overwhelming support (only 600 votes against on most items). Shareholders approved a dividend of Rs.4 per share (40%) absorbing Rs.98.32 lakhs for FY25. The company received clean audit reports with no qualifications or adverse remarks. Material related party transactions were approved: up to Rs.450 crores with LMW Limited and up to Rs.100 crores with Lakshmi Precision Technologies Limited, valid till the next AGM. The board saw Sri. Sanjay Jayavarthanavelu retire without seeking reappointment, while Sri. Sudesh Koti Reddy and Sri. Vedhanth Senthilkumar were appointed as Independent and Non-Executive Directors respectively, and Sri. Arjun Balu was re-appointed for a second 5-year term as Independent Director. MDS & Associates LLP was appointed as Secretarial Auditor for a 5-year term.
Routine AGM confirmation with shareholder backing for a Rs.4/share dividend and continuation of significant related party transactions with the Lakshmi group entities (LMW and Lakshmi Precision Technologies) up to Rs.550 crores combined. The clean audit reports and orderly board transitions are neutral-to-positive signals, with no negative surprises for shareholders.