Lyka Labs Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 01, 2025
LYKALABS · price
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Lyka Labs has called its 46th AGM for Friday, August 1, 2025 at 12:30 PM, to be held via video conferencing. Shareholders will vote on adopting FY25 audited financial statements, re-appointing Mr. Prashant Godha as director, and appointing Mrs. Archana S Yadav as Independent Director for a 5-year term. The notice seeks approval for related party transactions with five parties for FY26, totaling up to Rs 98 crore (Ipca Labs Rs 50 cr, Makers Labs Rs 25 cr, Lyka BDR Rs 15 cr, Lyka Generics Rs 5 cr, Lyka Exports Rs 3 cr). A new employee stock option scheme (Lyka ESOS 2025) covering 7 lakh options (2% of paid-up capital) is proposed. Mr. Yogesh B Shah will be re-appointed as Whole-time Director for 3 years at a salary of Rs 3.5 lakh per month, with provision for minimum remuneration even if profits are inadequate. Cost auditor remuneration of Rs 1.6 lakh each for FY25 and FY26 is also up for ratification, and Kaushal Doshi & Associates is proposed as Secretarial Auditor for a 5-year term. Remote e-voting runs from July 28 to July 31, 2025, with the cut-off date set as July 25, 2025.
The AGM notice itself is a routine regulatory filing, but shareholders should review the ESOP scheme (potential dilution of up to 2%), the large related party transaction limits (especially with associate Ipca Labs at Rs 50 crore), and managerial remuneration terms before voting. Approval of these resolutions is largely expected and unlikely to materially impact the stock price, though any shareholder dissent on related party deals could draw attention.