AGM proceedings with conclusion time
LOTUSEYE · price
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Lotus Eye Hospital held its 28th AGM on 23 September 2025 via video conferencing, chaired by Ms. Kavetha Sundaramoorthy with 71 members present. The meeting concluded at 4:28 PM. For FY2024-25, the company reported a turnover of Rs 49.56 crores, up modestly from Rs 48.21 crores the previous year. Total expenses rose by Rs 3.99 crores mainly due to the opening of a new branch at Karur (the company's 9th center, launched on 12 July 2024). Net profit stood at Rs 73.93 lakhs (1.45% margin), and capital investment during the year was Rs 5.57 crores. The CFO described the outlook for FY2025-26 as robust. All four resolutions were passed with overwhelming shareholder approval (over 99% in favor), including adoption of financial statements, re-appointment of the Chairman, appointment of Secretarial Auditors for 5 years, and remuneration approval for a non-executive director.
Marginal revenue growth and thin net profit margins of 1.45% reflect the short-term pressure from the new branch expansion, though management's positive outlook for FY2025-26 and continued technology investment may support future growth. Routine AGM approvals carry no material governance concerns for shareholders.