Lambodhara Textiles Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2025
LAMBODHARA · price
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Awaiting price reaction for this filing.
Lambodhara Textiles has notified the 31st AGM on Monday, September 22, 2025 at 11:00 AM via video conferencing. Key agenda items include adoption of FY25 audited financial statements, declaration of a dividend for FY ended March 31, 2025, and re-appointment of Whole-Time Director Mrs. Bosco Giulia who retires by rotation. Shareholders' approval is also sought for a material related party transaction with Strike Right Integrated Services Limited (a promoter group entity holding 37.34% of the company) for purchase and sale of cotton, man-made fibre, and yarn, capped at ₹400 Crores (₹200 Cr purchase + ₹200 Cr sale), representing 86.33% of annual consolidated turnover. Additionally, MDS & Associates LLP is proposed as Secretarial Auditors for a first term of 5 years from FY26 at ₹1.5 lakh, and ratification of Cost Auditor remuneration of ₹37,500 for FY26 is sought.
The proposed related party transaction is very large at 86.33% of turnover and is with a promoter group entity, so retail investors should scrutinise this carefully — related parties cannot vote on this resolution. The dividend declaration, director re-appointment, and auditor ratifications are routine AGM business and unlikely to materially move the stock. E-voting window is September 19-21, 2025 with cut-off date of September 15, 2025.