Lux Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 22, 2025
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Lux Industries held its 30th Annual General Meeting on September 22, 2025, via video conferencing from 11:00 AM to 12:45 PM, with 80 members in attendance. A total of 11 resolutions were tabled and all were passed with the requisite majority, including adoption of audited standalone and consolidated financial statements for FY25. The Board recommended a final dividend of Rs. 2.00 per equity share (100% of face value of Rs. 2 each) for FY25, which shareholders approved with 99.9997% support. The AGM also saw the reappointment of several executive directors and two independent directors for second terms, alongside the appointment of MR & Associates as Secretarial Auditors. The Chairman highlighted the company's record financial performance, successful new brand launches, and progress on sustainability initiatives during FY25. Notably, Mr. Navin Kumar Todi's reappointment resolutions received relatively lower shareholder support at around 93.09%, compared to nearly 99.99% for other director reappointments.
Eligible shareholders will receive a final dividend of Rs. 2.00 per share for FY25, consistent with a 100% payout on face value. Leadership continuity is maintained with reappointment of key promoters and independent directors, though the lower voting percentage on Mr. Navin Kumar Todi's resolutions (~6.9% dissent) may attract governance attention from institutional investors.