Proceedings with Scrutinizer''s report and voting results
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Awaiting price reaction for this filing.
The Lakshmi Mills Company Limited held its 115th AGM on September 12, 2025 via video conferencing, presided over by Chairman and Managing Director Sri S. Pathy. All 6 resolutions were passed with overwhelming majority — 493,454 votes in favor (99.998%) and only 9 votes against (0.002%) out of 493,463 votes polled. Key items approved include the FY25 audited financial statements, reappointment of Sri Aditya Krishna Pathy as Director (retiring by rotation), appointment of M/s. MDS & Associates LLP as Secretarial Auditors for 5 years from FY 2025-26, and appointment of Smt Priya Bhansali as Independent Director for a 5-year term. Sri Aditya Krishna Pathy was also reappointed as Deputy Managing Director for 3 years effective July 30, 2025, with a monthly salary of Rs. 6.5 lakh, annual increment of Rs. 75,000, 1% commission on net profits, and perquisites up to Rs. 2.5 lakh per year. 50 members holding 494,408 shares (71.08% of total) participated in the meeting, and M/s. A.R. Ramasubramania Raja & Co. was reappointed as Cost Auditors for FY 2025-26 at Rs. 1.5 lakh remuneration.
This is a routine procedural filing with all resolutions passing by near-unanimous vote, reflecting strong shareholder alignment on governance and management decisions. No material surprises — reappointments of directors and auditors along with executive remuneration for the promoter-family Deputy Managing Director were all approved without opposition. Stock-price impact is expected to be neutral.