Recommendation of appointment of Secretarial Auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lakshmi Electrical Control Systems held a board meeting on 5th June 2025 approving several items. The 44th Annual General Meeting is scheduled for 25th August 2025, with the record date set as 18th August 2025 for dividend and e-voting eligibility. A dividend of Rs.4 per share (40% on Rs.10 face value) is recommended for FY25, subject to shareholder approval. The board appointed two new Additional Directors: Sri. Sudesh Koti Reddy as Non-executive Independent Director (5-year term) and Sri. Vedhanth Senthilkumar as Non-executive Non-Independent Director (related to the promoter family). Sri. Arjun Balu's re-appointment as Independent Director for a second 5-year term was recommended. Cost, Internal, and Secretarial Auditors (MOS & Associates LLP for 5 years) were also re-appointed/appointed.
Routine corporate housekeeping with no material negative impact. The dividend declaration is positive for shareholders, and the appointment of a promoter-family member (Vedhanth Senthilkumar) to the board signals continued family involvement in governance. The retirement of long-time director Sanjay Jayavarthanavelu without filling the vacancy slightly reduces board size.