LG Electronics India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
LGEINDIA · price
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LG Electronics India Limited has submitted the Scrutinizer's Report for a Postal Ballot conducted through remote e-voting (March 2-31, 2026). Two ordinary resolutions were passed with overwhelming shareholder approval. First, Mr. Dongmyung Seo was re-appointed as Whole Time Director (Executive Director) with 98.45% assent (62.62 crore votes) out of 63.61 crore valid votes. Second, Material Related Party Transactions between the company and its promoter LG Electronics Inc. were approved with 99.99% assent (5.91 crore votes) out of 5.91 crore valid votes. Note that the Promoter group abstained from voting on the related party transaction resolution as required for interested parties. The voting was conducted via NSDL e-voting platform following MCA circulars permitting electronic-only voting.
Both resolutions passed with near-unanimous consent, indicating strong shareholder support. The re-appointment of the Whole-Time Director ensures leadership continuity. The material RPT approval with promoter abstention demonstrates compliance with SEBI listing obligations — no immediate negative impact on the stock expected.