Laxmipati Engineering Works Limited hereby submits the notice calling 14th Annual General Meeting of the company scheduled to be held on Thursday, July 17, 2025. Enclosed herewith is AGM notice.
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Laxmipati Engineering Works has issued the notice for its 14th AGM to be held on Thursday, July 17, 2025 at 11:00 AM at its registered office in Surat. Ordinary business includes adoption of audited financials for FY ending March 31, 2025 and re-appointment of Mr. Manojkumar G Sarawagi as Executive Director via rotation. Special business seeks shareholder approval to regularize Mr. Amitkumar Vijaykumarji Khemani as Non-Executive Independent Director for a five-year term (June 2025 to June 2030), appoint Mr. Ranjit Binod Kejriwal as Secretarial Auditor for five years (fees of Rs. 1 lakh plus taxes for FY26), and approve material related-party transactions including unsecured loans up to Rs. 10 crores from a director and up to Rs. 20 crores each from three related entities at 9% interest. Further resolutions cover supply of plant and machinery up to Rs. 50 crores from a related party and a hike in Manager Mr. Amit Khandelwal's remuneration to Rs. 2 lakh per month plus Rs. 9 lakh per annum in other benefits.
Shareholders are being asked to approve significant related-party transactions, including substantial unsecured borrowings and business deals with promoter-linked entities, which minority investors may want to scrutinize for governance and arm's-length pricing. The director remuneration hike and board changes are routine, so any immediate stock price impact is likely limited.