M/s NRG Associates was appointed as Statutory Auditor for a period of five years at this AGM
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Awaiting price reaction for this filing.
At the AGM held on September 30, 2025, shareholders of LGT Business Connextions approved the re-appointment of two directors — Mr. Singaravelou (Non-Executive Director) and Ms. Deepti Mantri (Whole-Time Director) — who were liable to retire by rotation. M/s NRG Associates, Chartered Accountants (a Chennai-based peer-reviewed firm established in 1997), was appointed as Statutory Auditor for a five-year term covering FY2025-26 to FY2029-30. Mr. V P Rajeev was also appointed as Secretarial Auditor for the same five-year period. Additionally, shareholders approved material related party transactions with FSH Business Ventures Pvt Ltd (where company directors hold directorships) valued at Rs 15 crore per year, representing about 15% of consolidated annual turnover, for three years starting FY2025-26.
These are largely routine AGM housekeeping items — standard director re-appointments and auditor appointments for a full five-year term. The Rs 15 crore per year related party transaction is notable in size (15% of turnover) and warrants investor attention to ensure terms are fair and at arm's length, though no negative governance flags are evident from the filing.