Laxmi Organic Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 31, 2025
LXCHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Laxmi Organic Industries has called its 36th Annual General Meeting for July 31, 2025 at 11:00 AM via Video Conference. Key agenda items include adoption of FY25 audited financial statements and declaration of a final dividend of 25% (₹0.50 per share) on equity shares of ₹2 face value, with July 18, 2025 as the record date and payment on or after August 5, 2025. The notice also seeks shareholder approval to re-appoint Mr. Rajeev Goenka and Dr. Rajan Venkatesh (MD & CEO) as directors retiring by rotation, and to re-appoint Mr. Harshvardhan Goenka as Executive Director for five years (Nov 1, 2025 to Oct 31, 2030). Remuneration revisions are proposed: Dr. Rajan Venkatesh's CTC to rise from ₹79.65 Mn to ₹81.24 Mn, Mr. Ravi Goenka (Executive Chairman) from ₹61.38 Mn to ₹75.28 Mn plus up to 5% of net profits as commission, and Mr. Harshvardhan Goenka from ₹25.70 Mn to ₹26.22 Mn. The company also proposes appointing M/s GMJ & Associates as Secretarial Auditors for five years (FY26–FY30) and extending ESOP 2024 benefits to subsidiary and associate company employees.
Shareholders on the record date of July 18, 2025 will receive a ₹0.50 per share dividend, with payments starting August 5, 2025. The proposed pay hikes for the Executive Chairman (~23% increase), MD & CEO, and Executive Director, along with re-appointments of promoter-group directors and ESOP extension to subsidiaries, may draw attention from governance-focused investors.