Re-appointment of internal Auditors for the Financial Year 2026-2027 and Recommendation for re-appointment of Chairman and Managing Director for a term of 5 years.
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Lakshmi Mills reported Q3 FY26 revenue of Rs. 68.79 crores, up from Rs. 60.50 crores in the previous quarter, with a profit before tax of Rs. 2.57 crores for the quarter and Rs. 4.58 crores for the nine months ended December 2025. The board approved re-appointing M/s. Gurubatham & Associates as internal auditors for FY 2026-27 and recommended re-appointment of Sri. S. Pathy (DIN:00013899) as Chairman and Managing Director for another 5-year term starting April 24, 2026; his son Aditya Krishna Pathy already serves as Deputy Managing Director. The board also approved the third phase of the Rental Services Project worth Rs. 91 crores. The statutory auditors (M/s. Subbachar & Srinivasan) issued an unqualified opinion on the results.
Continuity in leadership with re-appointment of the long-serving CMD provides stability, while the Rs. 91 crore Phase 3 expansion of the rental services business signals further capital commitment to the company's growing real estate segment. Revenue showed sequential improvement, though nine-month profitability remains modest.