Scrutiniser Report for the 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, with voting conducted both electronically (NSDL platform, 22-24 August) and via physical ballot at the meeting. Shareholders considered 10 resolutions covering adoption of FY25 financial statements, declaration of dividend, ratification of cost auditor, appointment of secretarial auditor, director appointments and re-appointments, and approval of material related party transactions with LMW Limited and Lakshmi Precision Technologies Limited. All 10 resolutions were passed with overwhelming majorities: the first 8 resolutions received 99.94% votes in favour (10,33,935 shares for vs 600 against), while the two related party transaction resolutions received 99.59% in favour (1,45,737 shares for vs 600 against) — the lower vote count reflects related parties abstaining as required. Scrutinizer B. Krishnamoorthi (Chartered Accountant) confirmed no invalid poll papers and certified the voting process as fair and transparent.
All resolutions cleared comfortably, confirming strong shareholder support for management's proposals including dividend declaration and board continuity. The clean approval of related party transactions with group companies (LMW and Lakshmi Precision Technologies) signals continued intra-group business activity with shareholder endorsement.