Annual Report of the Company for FY 2024-25.
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Lesha Industries has submitted its 33rd Annual Report for FY 2024-25 to BSE, along with the notice for its Annual General Meeting scheduled for August 5, 2025 at 3:30 PM via video conferencing. The AGM notice includes nine business items, notably seeking shareholder approval for material related party transactions with five related entities — Rhetan TMT, Ashnisha Industries, Ashoka Metcast, Gujarat Natural Resources, and Lesha Ventures — each capped at Rs. 150 crore for FY 2026-27, potentially totaling up to Rs. 750 crore in inter-group dealings. Other key items include the regularization of Mr. Umang Patel as Independent Director for a five-year term, appointment of Mr. Chintan K. Patel as Secretarial Auditor for FY 2025-26 to 2029-30, and the re-appointment of Managing Director Mrs. Leena Shah who retires by rotation. The Board saw several changes during the year, with two independent directors exiting in September 2024 and new ones joining through 2024 and 2025.
Shareholders should note the proposed related party transaction limits are substantial and represent significant inter-group business activity that requires their approval at the AGM. The multiple board changes and large RPT proposals may be worth examining closely for governance and related-party exposure before voting.