Notice of Annual General Meeting 2025 to be held on 30.09.2025 at 10.30 AM
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LWS Knitwear has called its 36th AGM on 30th September 2025 at 10:30 AM in Ludhiana. Six resolutions are on the table, including routine adoption of FY25 audited financials and the retirement-by-rotation reappointment of Mrs. Kusum Kapoor. A special resolution seeks to reappoint Mr. Girish Kapoor as Managing Director for five years from 1st September 2026, and to raise his monthly salary from Rs. 60,000 to Rs. 1,25,000 (a 108% jump) with 10% annual increments, effective 1st September 2025. Mrs. Kusum Kapoor's salary as Wholetime Director is being raised by the same amount and on the same terms. Another special resolution allows the company to take unsecured, interest-free loans of up to Rs. 10 crore each from Girish and Kusum Kapoor, with an option to convert those loans into equity shares at a later date. M/s Bhambri & Associates is being appointed as Secretarial Auditor for five years (FY26–FY30) at Rs. 1,00,000 per year.
Shareholders should note a sharp doubling of promoter-director pay despite no disclosed profit justification, plus a Rs. 20 crore combined promoter loan facility that carries equity-dilution risk if conversion is triggered. The resolutions require shareholder approval, with the loan and conversion item being the most consequential for existing shareholders' stake.