Voting Results of 44th Annual General Meeting held on 25.08.2025
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Lakshmi Electrical Control Systems held its 44th AGM on 25th August 2025 in Coimbatore, with 4 promoter representatives and 51 public shareholders present in person. All 10 resolutions were passed with overwhelming shareholder support, with votes in favour exceeding 99.94% on every item. Key outcomes include approval of FY25 financial statements, declaration of dividend for FY ended 31st March 2025, and ratification of the Cost Auditor's remuneration. Two new directors were appointed — Sri. Sudesh Koti Reddy as Independent Director and Sri. Vedhanth Senthilkumar as Non-Executive Non-Independent Director — while Sri. Arjun Balu was re-appointed as Independent Director for a second five-year term. Sri. Sanjay Jayavarthanavelu retired by rotation and chose not to seek re-appointment, with the vacancy left unfilled. Material related party transactions with LMW Limited and Lakshmi Precision Technologies Limited were also approved by public shareholders (promoters abstaining), passing with 99.59% support.
Shareholders have confirmed the FY25 dividend and approved board changes including a new Independent Director, strengthening governance. Approval of related party transactions with group entities LMW and Lakshmi Precision Technologies was routine and well-supported, signalling continuity of group-level business arrangements.