Appointment/Reappointment of Directors and Secretarial Auditors at the 115th Annual General Meeting
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At the 115th AGM held on 12 September 2025, Lakshmi Mills Company got shareholder approval for three key items. First, M/s MDS & Associates LLP (led by Mr. M.D. Selvaraj, 35+ years in corporate law) was appointed as Secretarial Auditor for a five-year term covering FY2025-26 to FY2029-30. Second, Smt Priya Bhansali, a Chartered Accountant with about 37 years of experience in direct taxation, joint ventures, FDI, and international taxation, was appointed as a Non-executive Independent Director for an initial five-year term. Third, Sri Aditya Krishna Pathy was re-appointed as Deputy Managing Director for a further three years effective 30 July 2025, with remuneration fixed as recommended by the Nomination and Remuneration Committee. None of the appointees are debarred or disqualified by SEBI or any authority.
Routine governance housekeeping — a new independent director strengthens board diversity, the secretarial auditor appointment ensures regulatory compliance for the next five years, and the re-appointment of a promoter-family Deputy MD (related to Chairman & MD Sri S. Pathy) signals continued family involvement in management. No material change to operations or financials is expected.