LG Electronics India Limited has informed the Exchange regarding Notice of Postal Ballot
LGEINDIA · price
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LG Electronics India has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting (March 2 to March 31, 2026) for two ordinary resolutions. The first resolution seeks approval for the re-appointment of Mr. Dongmyung Seo as Whole Time Director (Executive Director) for another 4-year term effective January 27, 2026, with a proposed remuneration cap of ₹3.5 crore per annum (he drew ₹2.95 crore in 2025). The second resolution seeks approval for Material Related Party Transactions with its South Korean promoter LG Electronics Inc. (which holds 85% of the company) for an aggregate value of up to ₹7,250 crore during FY 2026-27, covering purchase and sale of raw materials, goods, royalty payments, and other services. Results will be declared on or before April 2, 2026.
The ₹7,250 crore RPT limit with the parent company is a large transaction value that minority shareholders should review, as LG Electronics Inc. holds 85% of the company. These transactions are operational necessities (raw materials, royalty, technology) but warrant attention to ensure arm's-length pricing. The director re-appointment is routine and provides leadership continuity.