Laurus Labs Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on Jun 26, 2025
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Laurus Labs has sent out the notice for its 20th AGM, scheduled for June 26, 2025 at 3:00 PM via video conferencing. Shareholders will vote on adopting FY25 audited financial statements, ratifying two interim dividends totalling ₹1.20 per share (₹0.40 + ₹0.80), and re-appointing key directors. The notice seeks approval for re-appointment of Dr. Satyanarayana Chava as Executive Director & CEO for 5 years (till March 31, 2030) with a salary of ₹14.49 crore per annum plus 2% commission on consolidated profit before tax. Mr. V.V. Ravi Kumar is proposed for re-appointment as Executive Director & CFO for 2 years with ₹4.83 crore salary plus 0.5% commission. Three whole-time directors — Dr. Lakshmana Rao CV (₹3.22 crore), Krishna Chaitanya Chava (₹1.76 crore), and Soumya Chava (₹1.14 crore) — will also see revised pay terms with 0.5% commission each. The notice also proposes appointing M/s. RPR & Associates as secretarial auditors for 5 years and approving ₹5.50 lakh remuneration for cost auditors M/s. Sagar & Associates.
Shareholders should review the executive remuneration hikes closely — the CEO's package ties a large variable pay (2% of consolidated PBT) directly to company profits, aligning management interests with shareholders but also increasing payout if profits grow. No salary increments are planned from April 2026 onwards, suggesting cost discipline. The dividend ratification confirms FY25 payouts, and remote e-voting opens June 23–25, 2025 for shareholders to participate.