Lloyds Enterprises Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 29, 2025
LLOYDSENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lloyds Enterprises Limited has issued the notice for its 39th Annual General Meeting scheduled for Friday, August 29, 2025, at 11:00 AM, to be conducted through video conferencing. The agenda includes adopting the audited standalone and consolidated financial statements for FY 2024-25 and the reappointment of Mr. Rajesh Gupta as a director retiring by rotation. Shareholders will also vote on a final dividend of Re. 0.10 per equity share (face value Re. 1), the appointment of M/s. Mitesh Shah & Co. as secretarial auditor for five consecutive years (FY 2025-26 to FY 2029-30), and the continuation of Mr. Jagannath P. Dange as a non-executive independent director beyond age 75. Additionally, a special resolution seeks approval to revise Managing Director Mr. Babulal Agarwal's salary to Rs. 1.5 crore per annum effective April 1, 2025. Remote e-voting opens on August 24 and closes on August 28, 2025, with the cut-off date set as August 22, 2025.
The Re. 0.10 per share dividend represents a 10% payout on face value, modest in absolute terms, and is expected to be paid on or after September 6, 2025. The proposed hike in the Managing Director's salary to Rs. 1.5 crore annually may attract attention from governance-conscious investors, though it requires shareholder approval via special resolution.