Laxmi Organic Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 31, 2025
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Laxmi Organic Industries held its 36th AGM on July 31, 2025, at 11:00 AM via video conferencing, with 46 members in attendance. The meeting was chaired by Executive Chairman Ravi Goenka and conducted by Company Secretary Aniket Hirpara. The Statutory Auditors' report contained no qualifications or adverse remarks. Ten resolutions were put to vote, covering adoption of FY25 audited financial statements, declaration of a final dividend on equity shares, re-appointment of directors (Rajeev Goenka, Dr. Rajan Venkatesh, and Harshvardhan Goenka), ratification of Cost Auditors' remuneration, appointment of Secretarial Auditors, revision in remuneration of the Managing Director & CEO and the Executive Chairman for FY26, and extension of the Laxmi ESOP 2024 to employees of subsidiary/associate companies. The meeting concluded at 11:45 AM and voting closed at 12:15 PM. Voting results are awaited and will be shared with the exchanges within two working days.
This is a routine procedural disclosure confirming the AGM was held in order with all standard items tabled. The actual shareholder approval for key items — including the final dividend, executive pay revisions, and ESOP extension — is pending until voting results are declared, which will be the next catalyst for the stock.